FirstRand Limited (OTCMKTS:FANDF) Short Interest Update

FirstRand Limited (OTCMKTS:FANDF) was the target of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 23,543 shares, a growth of 32.4% from the February 12th total of 17,786 shares. Based on an average daily volume of 275 shares, the days-to-cover ratio is presently 85.6 days. Based on an average daily volume of 275 shares, the days-to-cover ratio is presently 85.6 days.

FirstRand Price Performance

FANDF stock opened at $5.23 on Friday. FirstRand has a 12 month low of $3.38 and a 12 month high of $6.01. The company’s 50-day moving average price is $5.73 and its two-hundred day moving average price is $5.07.

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.