Standard Chartered PLC (OTCMKTS:SCBFY) Sees Large Increase in Short Interest

Standard Chartered PLC (OTCMKTS:SCBFY) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 120,031 shares, a growth of 492.7% from the August 31st total of 20,253 shares. Based on an average daily trading volume, of 391,833 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Standard Chartered Stock Up 2.7%

Standard Chartered stock traded up $1.61 during mid-day trading on Friday, reaching $62.26. The company’s stock had a trading volume of 269,601 shares, compared to its average volume of 159,708. The firm’s fifty day moving average price is $59.88 and its two-hundred day moving average price is $53.54. Standard Chartered has a 12-month low of $37.32 and a 12-month high of $63.15.

Analyst Ratings Changes

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

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.