Short Interest in Suncorp Group Limited (OTCMKTS:SNMCY) Drops By 66.7%

Suncorp Group Limited (OTCMKTS:SNMCY) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 200 shares, a drop of 66.7% from the December 31st total of 600 shares. Based on an average daily trading volume, of 700 shares, the days-to-cover ratio is currently 0.3 days.

Suncorp Group Price Performance

Shares of Suncorp Group stock remained flat at $13.75 during trading on Tuesday. 472 shares of the stock traded hands, compared to its average volume of 848. Suncorp Group has a 1-year low of $8.95 and a 1-year high of $13.90. The stock’s 50-day simple moving average is $12.45 and its 200 day simple moving average is $12.13.

About Suncorp Group

Suncorp Group Limited provides insurance and banking products and services to retail, corporate, and commercial customers in Australia and New Zealand. The company operates through Insurance (Australia), Suncorp Bank, and Suncorp New Zealand segments. The Insurance (Australia) segment provides general insurance products and services, including home and contents, motor, marine, travel, commercial property, industrial special risk, public liability and professional indemnity, workers' compensation, and compulsory third-party products, as well as distributes life insurance products.