Standard Chartered PLC (OTCMKTS:SCBFF) Short Interest Down 15.8% in December

Standard Chartered PLC (OTCMKTS:SCBFF) saw a significant decrease in short interest in December. As of December 15th, there was short interest totalling 184,500 shares, a decrease of 15.8% from the November 30th total of 219,200 shares. Based on an average trading volume of 22,300 shares, the days-to-cover ratio is presently 8.3 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut Standard Chartered from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 3rd.

Standard Chartered Stock Performance

Shares of Standard Chartered stock remained flat at $11.95 on Friday. Standard Chartered has a 52 week low of $7.06 and a 52 week high of $12.87. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.48. The stock’s 50-day simple moving average is $11.94 and its 200 day simple moving average is $10.43. The stock has a market capitalization of $29.32 billion, a price-to-earnings ratio of 10.76 and a beta of 0.75.

Standard Chartered (OTCMKTS:SCBFF) last announced its earnings results on Wednesday, October 30th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). Standard Chartered had a return on equity of 8.80% and a net margin of 8.56%. The company had revenue of $4.95 billion during the quarter, compared to analyst estimates of $4.82 billion. On average, equities research analysts anticipate that Standard Chartered will post 1.66 EPS for the current fiscal year.

About Standard Chartered

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas. The company operates in three segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures.