Standard Bank Group Limited (OTCMKTS:SGBLY) Short Interest Update
by Tristan Rich · The Markets DailyStandard Bank Group Limited (OTCMKTS:SGBLY – Get Free Report) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 72,902 shares, a growth of 206.3% from the November 30th total of 23,800 shares. Based on an average trading volume of 47,238 shares, the days-to-cover ratio is presently 1.5 days. Based on an average trading volume of 47,238 shares, the days-to-cover ratio is presently 1.5 days.
Standard Bank Group Stock Down 0.2%
Shares of SGBLY traded down $0.03 during mid-day trading on Friday, reaching $17.37. 14,927 shares of the stock traded hands, compared to its average volume of 38,147. Standard Bank Group has a 1 year low of $10.55 and a 1 year high of $17.85. The firm has a fifty day moving average price of $15.70 and a 200 day moving average price of $14.30.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the company. Investec upgraded Standard Bank Group from a “sell” rating to a “buy” rating in a research report on Friday, September 19th. The Goldman Sachs Group initiated coverage on Standard Bank Group in a research note on Thursday, November 13th. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Standard Bank Group has an average rating of “Moderate Buy”.
Get Our Latest Stock Analysis on SGBLY
Standard Bank Group Company Profile
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.