Short Interest in Standard Chartered PLC (OTCMKTS:SCBFY) Declines By 61.9%

Standard Chartered PLC (OTCMKTS:SCBFYGet 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”.

Get Our Latest Report on Standard Chartered

Standard Chartered Price Performance

OTCMKTS:SCBFY traded up $0.88 on Friday, reaching $62.80. The stock had a trading volume of 142,712 shares, compared to its average volume of 160,441. The firm’s fifty day moving average is $58.97 and its two-hundred day moving average is $52.60. Standard Chartered has a 12-month low of $37.32 and a 12-month high of $62.97.

Standard Chartered Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Standard Chartered Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standard Chartered and related companies with MarketBeat.com's FREE daily email newsletter.