Sanlam Limited (OTCMKTS:SLLDY) Short Interest Update

Sanlam Limited (OTCMKTS:SLLDY) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 19,028 shares, an increase of 157.1% from the April 30th total of 7,401 shares. Based on an average daily trading volume, of 88,695 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Sanlam to a “hold” rating in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Sanlam has an average rating of “Hold”.

Sanlam Price Performance

Shares of OTCMKTS:SLLDY traded down C$0.10 during trading on Friday, hitting C$10.65. The company had a trading volume of 47,554 shares, compared to its average volume of 51,566. Sanlam has a one year low of C$9.38 and a one year high of C$13.68. The company has a fifty day simple moving average of C$10.71 and a two-hundred day simple moving average of C$11.55.

About Sanlam

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.