Standard Chartered PLC (OTCMKTS:SCBFF) Short Interest Up 34.0% in August

Standard Chartered PLC (OTCMKTS:SCBFF) was the recipient of a large increase in short interest in the month of August. As of August 15th, there was short interest totaling 173,000 shares, an increase of 34.0% from the July 31st total of 129,100 shares. Based on an average trading volume of 15,000 shares, the days-to-cover ratio is currently 11.5 days. Based on an average trading volume of 15,000 shares, the days-to-cover ratio is currently 11.5 days.

Standard Chartered Price Performance

Standard Chartered stock opened at $19.36 on Wednesday. The stock’s 50 day moving average is $18.07 and its 200 day moving average is $15.95. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $45.18 billion, a P/E ratio of 10.70 and a beta of 0.79. Standard Chartered has a one year low of $9.57 and a one year high of $19.43.

Standard Chartered (OTCMKTS:SCBFF) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.14. Standard Chartered had a return on equity of 10.73% and a net margin of 12.27%.The company had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.07 billion. As a group, research analysts expect that Standard Chartered will post 1.66 EPS for the current 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.