Standard Chartered PLC (OTCMKTS:SCBFY) Short Interest Update

by · The Cerbat Gem

Standard Chartered PLC (OTCMKTS:SCBFY – Get Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 55,760 shares, an increase of 80.8% from the April 30th total of 30,837 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 292,273 shares, the days-to-cover ratio is currently 0.2 days.

Standard Chartered Trading Up 1.9%

OTCMKTS SCBFY opened at $54.98 on Tuesday. The firm’s 50 day moving average is $48.31 and its 200-day moving average is $47.81. Standard Chartered has a 12-month low of $30.69 and a 12-month high of $55.16.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Standard Chartered to a “hold” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Read Our Latest Research Report on SCBFY

About Standard Chartered

(Get Free Report)

Standard Chartered PLC is a leading international banking group headquartered in London, with a heritage dating back to the 19th century. The bank was formed in 1969 through the merger of Standard Bank of British South Africa and Chartered Bank of India, Australia and China, combining deep roots in emerging markets with a global footprint. Over more than 150 years of operations, Standard Chartered has built a reputation for expertise in trade finance, corporate banking and cross-border transactions.

The company offers a broad range of financial products and services, including corporate and institutional banking, retail banking, wealth management, treasury and capital markets solutions.

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