Canadian Western Bank (OTCMKTS:CBWBF) Sees Large Growth in Short Interest

Canadian Western Bank (OTCMKTS:CBWBF) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 1,720,500 shares, an increase of 28.3% from the November 30th total of 1,340,500 shares. Based on an average trading volume of 700 shares, the short-interest ratio is currently 2,457.9 days.

Canadian Western Bank Price Performance

Shares of CBWBF opened at $40.92 on Friday. The company’s 50-day moving average is $41.10 and its 200-day moving average is $37.43. Canadian Western Bank has a fifty-two week low of $18.10 and a fifty-two week high of $42.62.

Canadian Western Bank Company Profile

Canadian Western Bank provides personal and business banking products and services in Western Canada. The company offers current, savings, US dollar, chequing, flex notice, organization, business trust, and trust fund investment accounts. It also offers commercial lending and real estate, equipment financing and leasing, aviation financing, and dealership financing products; agriculture lending products and AgriInvest savings account; variable and fixed rate mortgages; line of credit; registered retirement savings plan, consolidation, and vehicle loans; and credit cards.