Standard Chartered PLC (OTCMKTS:SCBFY) Short Interest Down 85.2% in December

Standard Chartered PLC (OTCMKTS:SCBFY) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 400 shares, a decrease of 85.2% from the December 15th total of 2,700 shares. Based on an average daily volume of 12,900 shares, the days-to-cover ratio is presently 0.0 days.

SCBFY stock traded down $0.53 during mid-day trading on Wednesday, reaching $13.69. The company had a trading volume of 26,664 shares, compared to its average volume of 23,383. The company has a fifty day moving average of $13.02. Standard Chartered has a fifty-two week low of $8.48 and a fifty-two week high of $19.06.

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Standard Chartered in a report on Wednesday, December 2nd. Societe Generale restated a “buy” rating on shares of Standard Chartered in a report on Friday, September 18th. UBS Group restated a “neutral” rating on shares of Standard Chartered in a report on Friday, November 6th. Barclays restated an “underweight” rating on shares of Standard Chartered in a report on Tuesday. Finally, Investec upgraded Standard Chartered from a “hold” rating to a “buy” rating in a report on Wednesday, September 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Standard Chartered has a consensus rating of “Hold”.

About Standard Chartered

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, Europe, the Americas, and the Middle East. The company operates through Corporate & Institutional Banking, Retail banking, Commercial Banking, and Private Banking segments.

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