FirstRand Limited (OTCMKTS:FANDF) Short Interest Up 1,051.3% in April

FirstRand Limited (OTCMKTS:FANDF) saw a significant growth in short interest in April. As of April 15th, there was short interest totaling 239,049 shares, a growth of 1,051.3% from the March 31st total of 20,763 shares. Based on an average daily volume of 425 shares, the days-to-cover ratio is currently 562.5 days.

FirstRand Stock Performance

FANDF stock opened at $5.48 on Friday. FirstRand has a twelve month low of $4.08 and a twelve month high of $6.01. The stock’s 50 day moving average is $5.58 and its 200-day moving average is $5.27.

FirstRand Company Profile

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.