Sanlam Limited (OTCMKTS:SLLDY) Short Interest Down 41.7% in July

Sanlam Limited (OTCMKTS:SLLDY) was the recipient of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 56,893 shares, a decrease of 41.7% from the June 30th total of 97,534 shares. Based on an average daily trading volume, of 119,289 shares, the short-interest ratio is currently 0.5 days.

Sanlam Stock Performance

Shares of SLLDY stock opened at C$10.76 on Friday. The business has a fifty day simple moving average of C$10.71 and a 200 day simple moving average of C$11.32. Sanlam has a twelve month low of C$9.38 and a twelve month high of C$13.68.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Sanlam from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

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.