Short Interest in Standard Chartered PLC (OTCMKTS:SCBFY) Expands By 80.8%

Standard Chartered PLC (OTCMKTS:SCBFY) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 55,760 shares, an increase of 80.8% from the April 30th total of 30,837 shares. Based on an average daily volume of 292,273 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Standard Chartered to a “hold” rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Standard Chartered Price Performance

SCBFY stock opened at $56.59 on Wednesday. The business has a fifty day moving average of $48.31 and a two-hundred day moving average of $47.81. Standard Chartered has a 52-week low of $30.70 and a 52-week high of $56.59.

About Standard Chartered

Standard Chartered PLC is a leading international banking group headquartered in London, with a heritage dating back to the 19th century. The bank was formed in 1969 through the merger of Standard Bank of British South Africa and Chartered Bank of India, Australia and China, combining deep roots in emerging markets with a global footprint. Over more than 150 years of operations, Standard Chartered has built a reputation for expertise in trade finance, corporate banking and cross-border transactions.

The company offers a broad range of financial products and services, including corporate and institutional banking, retail banking, wealth management, treasury and capital markets solutions.