Standard Chartered PLC (OTCMKTS:SCBFY) Short Interest Update

Standard Chartered PLC (OTCMKTS:SCBFY) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 53,138 shares, an increase of 120.7% from the July 30th total of 24,075 shares. Based on an average trading volume of 98,544 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Standard Chartered from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Standard Chartered Stock Performance

Standard Chartered stock opened at $59.34 on Monday. Standard Chartered has a one year low of $36.62 and a one year high of $61.11. The company has a 50-day simple moving average of $57.72 and a 200-day simple moving average of $51.77.

About Standard Chartered

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.