Suncorp Group Limited (OTCMKTS:SNMCY – Get Free Report) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 39,043 shares, a growth of 55.9% from the July 30th total of 25,043 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 82,554 shares, the short-interest ratio is presently 0.5 days.
Analyst Upgrades and Downgrades
Separately, Zacks Research upgraded Suncorp Group from a “strong sell” rating to a “hold” rating in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.
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Suncorp Group Stock Up 1.0%
About Suncorp Group
Suncorp Group is a leading Australian financial services company headquartered in Brisbane, Queensland. The group offers a comprehensive range of insurance, banking and wealth management products to personal, small business and corporate clients. Operating across Australia and New Zealand, Suncorp serves its customers through a network of branches, digital platforms and partnerships with brokers and agents.
The company’s core insurance business provides general insurance cover for motor, home, commercial and specialty lines.
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