FirstRand Limited (OTCMKTS:FANDF) Sees Large Drop in Short Interest

FirstRand Limited (OTCMKTS:FANDFGet Free Report) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 265,580 shares, a decline of 64.9% from the June 15th total of 757,608 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days.

FirstRand Price Performance

Shares of OTCMKTS FANDF opened at $5.60 on Monday. FirstRand has a one year low of $4.21 and a one year high of $6.01. The business’s fifty day moving average price is $5.50 and its 200-day moving average price is $5.53.

FirstRand Company Profile

(Get Free Report)

FirstRand Limited is a South African financial services group headquartered in Johannesburg. Established in 1998 through the consolidation of First National Bank of South Africa and Rand Merchant Bank, the company has grown into one of the continent’s leading providers of banking and financial products. FirstRand operates a diversified financial-services platform that spans retail, commercial and corporate banking.

The group’s main operating divisions include First National Bank (FNB), which offers personal and small-business banking; Rand Merchant Bank (RMB), specializing in corporate and investment banking; WesBank, a provider of vehicle and asset finance; and Ashburton Investments, which delivers asset management and tailored investment solutions.

Further Reading

Receive News & Ratings for FirstRand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstRand and related companies with MarketBeat.com's FREE daily email newsletter.