Standard Bank Group Limited (OTCMKTS:SGBLY) Short Interest Down 81.4% in April
by Jessica Moore · The Cerbat GemStandard Bank Group Limited (OTCMKTS:SGBLY – Get Free Report) was the target of a large decline in short interest in April. As of April 15th, there was short interest totaling 17,646 shares, a decline of 81.4% from the March 31st total of 94,693 shares. Based on an average trading volume of 150,570 shares, the days-to-cover ratio is currently 0.1 days.
Analysts Set New Price Targets
Separately, Investec lowered shares of Standard Bank Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, Standard Bank Group currently has an average rating of “Hold”.
Check Out Our Latest Stock Report on Standard Bank Group
Standard Bank Group Stock Performance
SGBLY stock traded up $0.23 during trading on Friday, reaching $19.07. The stock had a trading volume of 28,555 shares, compared to its average volume of 63,836. Standard Bank Group has a 1-year low of $12.04 and a 1-year high of $20.63. The firm has a fifty day moving average price of $19.00 and a 200 day moving average price of $17.41.
About Standard Bank Group
Standard Bank Group Limited is a South African financial services conglomerate headquartered in Johannesburg, offering a comprehensive range of banking and related services. Established in 1862, the group has grown to become one of Africa’s largest banks, serving individuals, small and medium-sized enterprises, and large corporations. Its core activities encompass personal and business banking, corporate and investment banking, wealth management, and insurance.
Within its personal and business banking division, Standard Bank provides transactional accounts, savings and deposits, mortgage lending, vehicle and asset finance, as well as payment solutions and digital banking platforms.