Sanlam Limited (OTCMKTS:SLLDY – Get Free Report) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 10,388 shares, a decrease of 81.7% from the July 15th total of 56,893 shares. Based on an average trading volume of 116,588 shares, the days-to-cover ratio is currently 0.1 days.
Analysts Set New Price Targets
Separately, Zacks Research downgraded Sanlam from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.
Check Out Our Latest Stock Report on SLLDY
Sanlam Stock Down 2.0%
Sanlam Company Profile
Sanlam Limited (OTCMKTS:SLLDY) is a South African financial services group offering a broad array of insurance, investment and wealth management solutions. Headquartered in Bellville, Cape Town, the company provides life and health insurance, general insurance products, retirement planning and savings vehicles to individual and corporate clients. Through its network of advisors and digital platforms, Sanlam seeks to deliver tailored financial planning, estate planning, risk cover and wealth preservation services across multiple market segments.
Founded in 1918 as the South African Life Assurance and Investment Society, Sanlam has grown into one of the continent’s largest insurers.
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