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

Suncorp Group Limited (OTCMKTS:SNMCY) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 60,165 shares, an increase of 1,278.0% from the March 15th total of 4,366 shares. Based on an average daily volume of 57,737 shares, the short-interest ratio is presently 1.0 days.

Suncorp Group Stock Performance

OTCMKTS SNMCY traded down $0.01 on Friday, hitting $11.59. 134,823 shares of the company’s stock were exchanged, compared to its average volume of 34,966. The firm’s 50-day moving average price is $11.19 and its two-hundred day moving average price is $12.05. Suncorp Group has a fifty-two week low of $9.43 and a fifty-two week high of $15.25.

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.