FirstRand Limited (OTCMKTS:FANDF) Short Interest Update
by Michael Walen · The Markets DailyFirstRand Limited (OTCMKTS:FANDF – Get Free Report) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 20,773 shares, a decrease of 18.6% from the November 30th total of 25,517 shares. Based on an average trading volume of 4,982 shares, the short-interest ratio is presently 4.2 days. Based on an average trading volume of 4,982 shares, the short-interest ratio is presently 4.2 days.
FirstRand Trading Down 1.3%
Shares of OTCMKTS FANDF traded down $0.07 during midday trading on Thursday, reaching $5.15. The company had a trading volume of 20,080 shares, compared to its average volume of 4,922. The business’s 50-day simple moving average is $4.90 and its 200 day simple moving average is $4.53. FirstRand has a 1 year low of $3.38 and a 1 year high of $5.37.
Analyst Ratings Changes
A number of brokerages have recently issued reports on FANDF. The Goldman Sachs Group began coverage on FirstRand in a research report on Thursday, November 13th. They set a “buy” rating on the stock. Investec raised FirstRand from a “hold” rating to a “buy” rating in a research report on Friday, September 19th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, FirstRand has a consensus rating of “Buy”.
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FirstRand Company Profile
FirstRand Limited is a South African financial services group headquartered in Johannesburg. Established in 1998 through the consolidation of First National Bank of South Africa and Rand Merchant Bank, the company has grown into one of the continent’s leading providers of banking and financial products. FirstRand operates a diversified financial-services platform that spans retail, commercial and corporate banking.
The group’s main operating divisions include First National Bank (FNB), which offers personal and small-business banking; Rand Merchant Bank (RMB), specializing in corporate and investment banking; WesBank, a provider of vehicle and asset finance; and Ashburton Investments, which delivers asset management and tailored investment solutions.