Standard Chartered PLC (OTCMKTS:SCBFY – Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 53,138 shares, a growth of 120.7% from the July 30th total of 24,075 shares. Based on an average daily volume of 98,544 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the shares of the stock are sold short.
Standard Chartered Stock Up 0.7%
Shares of SCBFY stock opened at $59.34 on Friday. The stock has a fifty day moving average price of $57.72 and a 200 day moving average price of $51.78. Standard Chartered has a 1 year low of $36.62 and a 1 year high of $61.11.
Analysts Set New Price Targets
Separately, Zacks Research lowered shares of Standard Chartered from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.
About Standard Chartered
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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