FirstRand Limited (OTCMKTS:FANDF) Short Interest Update

FirstRand Limited (OTCMKTS:FANDF) saw a significant drop in short interest in January. As of January 15th, there was short interest totaling 16,166 shares, a drop of 75.2% from the December 31st total of 65,191 shares. Based on an average trading volume of 88 shares, the short-interest ratio is currently 183.7 days. Based on an average trading volume of 88 shares, the short-interest ratio is currently 183.7 days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group began coverage on FirstRand in a research note on Thursday, November 13th. They set a “buy” rating for the company. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

FirstRand Stock Up 4.1%

Shares of OTCMKTS FANDF traded up $0.23 during mid-day trading on Wednesday, hitting $5.82. 2,307 shares of the company’s stock traded hands, compared to its average volume of 721. FirstRand has a 1 year low of $3.38 and a 1 year high of $5.82. The company’s 50-day moving average is $5.17 and its two-hundred day moving average is $4.69.

About FirstRand

FirstRand Limited is a South African financial services group headquartered in Johannesburg. Established in 1998 through the consolidation of First National Bank of South Africa and Rand Merchant Bank, the company has grown into one of the continent’s leading providers of banking and financial products. FirstRand operates a diversified financial-services platform that spans retail, commercial and corporate banking.

The group’s main operating divisions include First National Bank (FNB), which offers personal and small-business banking; Rand Merchant Bank (RMB), specializing in corporate and investment banking; WesBank, a provider of vehicle and asset finance; and Ashburton Investments, which delivers asset management and tailored investment solutions.