Standard Chartered PLC (OTCMKTS:SCBFY) Short Interest Down 61.9% in August

by · The Markets Daily

Standard Chartered PLC (OTCMKTS:SCBFY – Get Free Report) saw 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. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 220,872 shares, the short-interest ratio is currently 0.1 days.

Standard Chartered Trading Up 1.4%

Shares of OTCMKTS SCBFY traded up $0.88 on Friday, reaching $62.80. 142,712 shares of the company traded hands, compared to its average volume of 160,441. Standard Chartered has a fifty-two week low of $37.32 and a fifty-two week high of $62.97. The company has a 50 day moving average of $58.97 and a 200 day moving average of $52.60.

Analysts Set New Price Targets

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.com, the stock presently has a consensus rating of “Hold”.

Get Our Latest Report on SCBFY

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