Standard Chartered PLC (OTCMKTS:SCBFF) Sees Significant Decrease in Short Interest

Standard Chartered PLC (OTCMKTS:SCBFF) was the target of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 66,300 shares, a decline of 29.1% from the January 15th total of 93,500 shares. Based on an average daily trading volume, of 3,800 shares, the days-to-cover ratio is currently 17.4 days.

Analyst Ratings Changes

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

Standard Chartered Stock Up 7.6 %

Shares of Standard Chartered stock opened at $14.31 on Friday. The stock has a 50-day simple moving average of $12.71 and a 200-day simple moving average of $11.33. Standard Chartered has a 52-week low of $7.18 and a 52-week high of $14.31. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $35.13 billion, a price-to-earnings ratio of 12.89 and a beta of 0.75.

Standard Chartered Company Profile

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.