Standard Chartered PLC (OTCMKTS:SCBFY – Get Free Report) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 20,253 shares, a decline of 61.9% from the August 15th total of 53,138 shares. Based on an average daily volume of 220,872 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.
Analyst Ratings Changes
Separately, Zacks Research cut Standard Chartered from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.
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Standard Chartered Price Performance
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.
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