Sanlam Limited (OTCMKTS:SLLDY) Sees Significant Growth in Short Interest

Sanlam Limited (OTCMKTS:SLLDY) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 74,928 shares, an increase of 204.2% from the May 31st total of 24,630 shares. Based on an average daily trading volume, of 101,859 shares, the days-to-cover ratio is presently 0.7 days.

Sanlam Stock Up 1.0%

Shares of SLLDY traded up C$0.11 during midday trading on Tuesday, reaching C$10.76. 110 shares of the stock were exchanged, compared to its average volume of 51,453. Sanlam has a 12-month low of C$9.38 and a 12-month high of C$13.68. The firm has a 50 day simple moving average of C$10.65 and a 200-day simple moving average of C$11.52.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Sanlam to a “hold” rating in a report on Thursday, April 9th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Sanlam Company Profile

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.