Sanlam Limited (OTCMKTS:SLLDY) Short Interest Up 204.2% in June
by Jessica Moore · The Cerbat GemSanlam Limited (OTCMKTS:SLLDY – Get Free Report) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 74,928 shares, a growth of 204.2% from the May 31st total of 24,630 shares. Based on an average daily trading volume, of 101,859 shares, the short-interest ratio is presently 0.7 days.
Analysts Set New Price Targets
Separately, Zacks Research upgraded Sanlam to a “hold” rating in a report on Thursday, April 9th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.
Check Out Our Latest Stock Report on Sanlam
Sanlam Price Performance
SLLDY traded down C$0.11 during trading on Friday, reaching C$10.65. The stock had a trading volume of 48,962 shares, compared to its average volume of 51,501. The stock’s 50 day moving average is C$10.65 and its two-hundred day moving average is C$11.52. Sanlam has a one year low of C$9.38 and a one year high of C$13.68.
Sanlam Company Profile
Sanlam Limited (OTCMKTS:SLLDY) is a South African financial services group offering a broad array of insurance, investment and wealth management solutions. Headquartered in Bellville, Cape Town, the company provides life and health insurance, general insurance products, retirement planning and savings vehicles to individual and corporate clients. Through its network of advisors and digital platforms, Sanlam seeks to deliver tailored financial planning, estate planning, risk cover and wealth preservation services across multiple market segments.
Founded in 1918 as the South African Life Assurance and Investment Society, Sanlam has grown into one of the continent’s largest insurers.