Standard Chartered PLC (OTCMKTS:SCBFY) Short Interest Update

Standard Chartered PLC (OTCMKTS:SCBFY) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 7,063 shares, a drop of 71.4% from the June 30th total of 24,666 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 299,934 shares, the days-to-cover ratio is presently 0.0 days.

Standard Chartered Trading Up 0.1%

Shares of OTCMKTS SCBFY opened at $56.95 on Tuesday. Standard Chartered has a 12-month low of $34.97 and a 12-month high of $58.20. The stock has a 50 day simple moving average of $54.61 and a 200-day simple moving average of $50.30.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Standard Chartered from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

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.