Suncorp Group Limited (OTCMKTS:SNMCY) Sees Significant Growth in Short Interest

Suncorp Group Limited (OTCMKTS:SNMCY) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 13,371 shares, a growth of 105.0% from the February 12th total of 6,522 shares. Based on an average daily trading volume, of 32,997 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 32,997 shares, the short-interest ratio is presently 0.4 days.

Suncorp Group Stock Performance

OTCMKTS:SNMCY opened at $11.64 on Friday. Suncorp Group has a 1 year low of $9.00 and a 1 year high of $15.25. The stock’s fifty day moving average price is $11.40 and its two-hundred day moving average price is $12.49.

Suncorp Group Company Profile

Suncorp Group is a leading Australian financial services company headquartered in Brisbane, Queensland. The group offers a comprehensive range of insurance, banking and wealth management products to personal, small business and corporate clients. Operating across Australia and New Zealand, Suncorp serves its customers through a network of branches, digital platforms and partnerships with brokers and agents.

The company’s core insurance business provides general insurance cover for motor, home, commercial and specialty lines.