FirstRand Limited (OTCMKTS:FANDF) Sees Significant Drop in Short Interest
by Teresa Graham · The Cerbat GemFirstRand Limited (OTCMKTS:FANDF – Get Free Report) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 37,156 shares, a decrease of 68.1% from the August 31st total of 116,382 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.
FirstRand Price Performance
Shares of FANDF remained flat at $5.82 during trading hours on Friday. FirstRand has a fifty-two week low of $4.21 and a fifty-two week high of $6.01. The business has a 50-day moving average of $5.72 and a 200 day moving average of $5.55.
About FirstRand
FirstRand Limited is a South African financial services group that provides banking, lending, investment, insurance and wealth-management services. The group serves individuals, businesses, corporates and institutional clients through a portfolio of established financial brands.
Its principal businesses include FNB, which offers retail and commercial banking products such as transaction accounts, payments, savings, loans and digital banking; Rand Merchant Bank (RMB), which provides corporate and investment banking, advisory, financing and markets services; and WesBank, which specializes in vehicle and asset finance.