Short Interest in Standard Chartered PLC (OTCMKTS:SCBFY) Rises By 240.9%

Standard Chartered PLC (OTCMKTS:SCBFY – Get Free Report) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 24,075 shares, an increase of 240.9% from the July 15th total of 7,063 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 339,557 shares, the short-interest ratio is presently 0.1 days.

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 investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

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Standard Chartered Stock Up 0.1%

Shares of Standard Chartered stock opened at $60.42 on Friday. Standard Chartered has a 12-month low of $34.97 and a 12-month high of $60.96. The company has a 50-day moving average of $56.28 and a two-hundred day moving average of $51.24.

Standard Chartered Company Profile

(Get Free Report)

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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