Sanlam Limited (OTCMKTS:SLLDY) Sees Large Growth in Short Interest

Sanlam Limited (OTCMKTS:SLLDY) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 23,568 shares, a growth of 222.4% from the November 30th total of 7,311 shares. Based on an average daily volume of 30,230 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 30,230 shares, the short-interest ratio is presently 0.8 days.

Sanlam Stock Up 0.2%

Shares of OTCMKTS SLLDY traded up C$0.03 during trading on Friday, hitting C$11.88. 8,493 shares of the company traded hands, compared to its average volume of 25,679. The company has a 50-day moving average price of C$11.07 and a 200-day moving average price of C$10.35. Sanlam has a 1 year low of C$7.19 and a 1 year high of C$12.05.

Sanlam Company Profile

Sanlam Limited (OTCMKTS:SLLDY) is a South African financial services group offering a broad array of insurance, investment and wealth management solutions. Headquartered in Bellville, Cape Town, the company provides life and health insurance, general insurance products, retirement planning and savings vehicles to individual and corporate clients. Through its network of advisors and digital platforms, Sanlam seeks to deliver tailored financial planning, estate planning, risk cover and wealth preservation services across multiple market segments.

Founded in 1918 as the South African Life Assurance and Investment Society, Sanlam has grown into one of the continent’s largest insurers.