Short Interest in Sanlam Limited (OTCMKTS:SLLDY) Expands By 157.1%

Sanlam Limited (OTCMKTS:SLLDY) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 19,028 shares, an increase of 157.1% from the April 30th total of 7,401 shares. Based on an average trading volume of 88,695 shares, the days-to-cover ratio is currently 0.2 days.

Sanlam Stock Performance

OTCMKTS SLLDY opened at C$10.65 on Friday. Sanlam has a 12-month low of C$9.38 and a 12-month high of C$13.68. The company has a 50-day simple moving average of C$10.71 and a two-hundred day simple moving average of C$11.55.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Sanlam to a “hold” rating in a research note on Thursday, April 9th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Sanlam currently has an average rating of “Hold”.

About Sanlam

Sanlam Limited (OTCMKTS:SLLDY) is a South African financial services group offering a broad array of insurance, investment and wealth management solutions. Headquartered in Bellville, Cape Town, the company provides life and health insurance, general insurance products, retirement planning and savings vehicles to individual and corporate clients. Through its network of advisors and digital platforms, Sanlam seeks to deliver tailored financial planning, estate planning, risk cover and wealth preservation services across multiple market segments.

Founded in 1918 as the South African Life Assurance and Investment Society, Sanlam has grown into one of the continent’s largest insurers.