Standard Chartered PLC (OTCMKTS:SCBFY – Get Free Report) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 8,500 shares, a drop of 68.4% from the February 13th total of 26,900 shares. Based on an average daily trading volume, of 224,800 shares, the days-to-cover ratio is presently 0.0 days.
Standard Chartered Stock Up 2.2 %
Shares of SCBFY stock traded up $0.66 during trading hours on Thursday, hitting $30.25. The company’s stock had a trading volume of 105,876 shares, compared to its average volume of 85,034. The company has a 50 day moving average of $28.08 and a 200 day moving average of $24.71. Standard Chartered has a 12-month low of $16.03 and a 12-month high of $32.47.
Standard Chartered Increases Dividend
The business also recently announced a dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Friday, March 28th will be issued a dividend of $0.6578 per share. This is an increase from Standard Chartered’s previous dividend of $0.14. The ex-dividend date of this dividend is Friday, March 28th.
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.
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