Suncorp Group Limited (OTCMKTS:SNMCY) Short Interest Down 80.5% in July

Suncorp Group Limited (OTCMKTS:SNMCY) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 25,043 shares, a decrease of 80.5% from the July 15th total of 128,723 shares. Based on an average daily trading volume, of 103,485 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Suncorp Group Trading Down 2.2%

OTCMKTS:SNMCY opened at $13.01 on Wednesday. Suncorp Group has a 52 week low of $9.43 and a 52 week high of $15.25. The firm has a 50-day moving average price of $13.24 and a two-hundred day moving average price of $12.25.

Analyst Ratings Changes

Separately, Zacks Research upgraded Suncorp Group to a “strong sell” rating in a research note on Thursday, July 2nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Suncorp Group Company Profile

Suncorp Group is a leading Australian financial services company headquartered in Brisbane, Queensland. The group offers a comprehensive range of insurance, banking and wealth management products to personal, small business and corporate clients. Operating across Australia and New Zealand, Suncorp serves its customers through a network of branches, digital platforms and partnerships with brokers and agents.

The company’s core insurance business provides general insurance cover for motor, home, commercial and specialty lines.