Standard Chartered PLC (OTCMKTS:SCBFY) Short Interest Down 61.9% in August

Standard Chartered PLC (OTCMKTS:SCBFY) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 20,253 shares, a decline of 61.9% from the August 15th total of 53,138 shares. Based on an average daily trading volume, of 220,872 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Zacks Research downgraded Standard Chartered from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Standard Chartered Price Performance

Shares of SCBFY stock opened at $62.50 on Tuesday. Standard Chartered has a 1-year low of $37.32 and a 1-year high of $63.15. The firm has a fifty day moving average of $59.06 and a two-hundred day moving average of $52.71.

Standard Chartered Company Profile

Standard Chartered PLC is an international banking group headquartered in London, United Kingdom. Through its banking operations and subsidiaries, the company provides financial services to individuals, businesses, financial institutions and governments, with a particular focus on markets across Asia, Africa and the Middle East.

The company’s offerings include retail and affluent banking, wealth management, corporate and institutional banking, trade finance, transaction banking, foreign exchange, lending, cash management and investment banking services.