FirstRand Limited (OTCMKTS:FANDF – Get Free Report) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 757,608 shares, a growth of 212.8% from the May 31st total of 242,219 shares. Based on an average daily volume of 90,653 shares, the days-to-cover ratio is presently 8.4 days.
FirstRand Price Performance
FANDF remained flat at $5.60 during trading on Friday. FirstRand has a 12 month low of $4.21 and a 12 month high of $6.01. The business has a fifty day simple moving average of $5.47 and a two-hundred day simple moving average of $5.49.
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.
Recommended Stories
- Five stocks we like better than FirstRand
- Costco’s Secret Growth Engine May Be Running Out of Gas
- Why Alphabet’s Pullback May Be an Opportunity in Disguise
- Capri’s Turnaround Is Taking Shape, But Is the Stock a Buy Yet?
- SpaceX Has Real Value—But These 3 Stocks Have Better Odds Right Now
Receive News & Ratings for FirstRand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstRand and related companies with MarketBeat.com's FREE daily email newsletter.
