Sanlam Limited (OTCMKTS:SLLDY) Short Interest Up 157.1% in May

Sanlam Limited (OTCMKTS:SLLDY) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 19,028 shares, a growth of 157.1% from the April 30th total of 7,401 shares. Based on an average daily volume of 88,695 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of 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 MarketBeat.com, Sanlam presently has a consensus rating of “Hold”.

Sanlam Price Performance

SLLDY stock traded down C$0.34 during midday trading on Monday, hitting C$10.31. The stock had a trading volume of 3,439 shares, compared to its average volume of 51,069. Sanlam has a 1-year low of C$9.38 and a 1-year high of C$13.68. The business has a fifty day moving average price of C$10.71 and a two-hundred day moving average price of C$11.55.

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.