Standard Chartered PLC (OTCMKTS:SCBFY – Get Free Report) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 319,713 shares, a growth of 473.4% from the May 14th total of 55,760 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 571,579 shares, the short-interest ratio is currently 0.6 days.
Standard Chartered Stock Down 3.6%
Shares of OTCMKTS:SCBFY traded down $1.80 during mid-day trading on Wednesday, hitting $47.71. The stock had a trading volume of 251,792 shares, compared to its average volume of 210,458. Standard Chartered has a 12-month low of $30.95 and a 12-month high of $56.59. The company’s 50 day moving average is $49.64 and its 200-day moving average is $48.26.
Analyst Ratings Changes
Separately, Zacks Research upgraded shares of Standard Chartered to a “hold” rating in a report on Monday, April 13th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.
Standard Chartered Company Profile
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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