Standard Chartered PLC (OTCMKTS:SCBFY) Short Interest Down 71.4% in July

Standard Chartered PLC (OTCMKTS:SCBFY – Get Free Report) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 7,063 shares, a drop of 71.4% from the June 30th total of 24,666 shares. Based on an average daily trading volume, of 299,934 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Standard Chartered from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Standard Chartered currently has an average rating of “Strong Buy”.

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Standard Chartered Stock Performance

Shares of OTCMKTS:SCBFY traded down $0.21 during mid-day trading on Monday, hitting $56.67. 75,603 shares of the company traded hands, compared to its average volume of 211,867. Standard Chartered has a 52-week low of $34.97 and a 52-week high of $58.20. The firm’s 50 day simple moving average is $54.52 and its 200 day simple moving average is $50.25.

Standard Chartered Company Profile

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Standard Chartered PLC is a leading international banking group headquartered in London, with a heritage dating back to the 19th century. The bank was formed in 1969 through the merger of Standard Bank of British South Africa and Chartered Bank of India, Australia and China, combining deep roots in emerging markets with a global footprint. Over more than 150 years of operations, Standard Chartered has built a reputation for expertise in trade finance, corporate banking and cross-border transactions.

The company offers a broad range of financial products and services, including corporate and institutional banking, retail banking, wealth management, treasury and capital markets solutions.

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