Suncorp Group Limited (OTCMKTS:SNMCY – Get Free Report) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 128,723 shares, an increase of 427.6% from the June 30th total of 24,397 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 172,682 shares, the days-to-cover ratio is currently 0.7 days.
Suncorp Group Trading Up 2.1%
Shares of SNMCY stock opened at $13.51 on Friday. The firm has a fifty day simple moving average of $13.01 and a 200-day simple moving average of $12.08. The company has a market capitalization of $14.52 billion and a PE ratio of 34.33. Suncorp Group has a twelve month low of $9.43 and a twelve month high of $15.25.
Wall Street Analyst Weigh In
Separately, Zacks Research upgraded Suncorp Group to a “strong sell” rating in a research note on Thursday, July 2nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, Suncorp Group currently has an average rating of “Sell”.
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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