Standard Chartered PLC (OTCMKTS:SCBFY) Short Interest Update

Standard Chartered PLC (OTCMKTS:SCBFY) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 159,664 shares, an increase of 303.5% from the November 30th total of 39,569 shares. Based on an average trading volume of 320,650 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 320,650 shares, the days-to-cover ratio is presently 0.5 days.

Standard Chartered Price Performance

Standard Chartered stock traded up $0.06 during midday trading on Friday, hitting $49.61. 36,456 shares of the stock were exchanged, compared to its average volume of 157,461. The stock’s 50-day simple moving average is $43.66 and its 200 day simple moving average is $38.97. Standard Chartered has a fifty-two week low of $22.28 and a fifty-two week high of $49.99.

Standard Chartered Company Profile

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.