Sanlam Limited (OTCMKTS:SLLDY) Short Interest Down 86.9% in April

Sanlam Limited (OTCMKTS:SLLDY) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 7,401 shares, a decline of 86.9% from the April 15th total of 56,325 shares. Based on an average daily volume of 90,223 shares, the short-interest ratio is presently 0.1 days.

Sanlam Trading Up 0.3%

SLLDY stock traded up C$0.03 on Wednesday, reaching C$10.59. 23,446 shares of the company’s stock were exchanged, compared to its average volume of 51,531. The stock has a fifty day moving average of C$10.96 and a 200-day moving average of C$11.57. Sanlam has a twelve month low of C$9.38 and a twelve month high of C$13.68.

Analysts Set New Price Targets

Separately, Zacks Research raised Sanlam to a “hold” rating in a report on Thursday, April 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Sanlam has a consensus rating of “Hold”.

About Sanlam

Sanlam Limited (OTCMKTS:SLLDY) is a South African financial services group offering a broad array of insurance, investment and wealth management solutions. Headquartered in Bellville, Cape Town, the company provides life and health insurance, general insurance products, retirement planning and savings vehicles to individual and corporate clients. Through its network of advisors and digital platforms, Sanlam seeks to deliver tailored financial planning, estate planning, risk cover and wealth preservation services across multiple market segments.

Founded in 1918 as the South African Life Assurance and Investment Society, Sanlam has grown into one of the continent’s largest insurers.