Short Interest in FirstRand Limited (OTCMKTS:FANDF) Drops By 64.9%

FirstRand Limited (OTCMKTS:FANDF) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 265,580 shares, a drop of 64.9% from the June 15th total of 757,608 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

FirstRand Stock Performance

OTCMKTS FANDF remained flat at $5.60 during trading on Wednesday. 56 shares of the company’s stock were exchanged, compared to its average volume of 760. FirstRand has a 1-year low of $4.21 and a 1-year high of $6.01. The company has a 50-day simple moving average of $5.51 and a 200 day simple moving average of $5.54.

FirstRand Company Profile

FirstRand Limited is a South African financial services group headquartered in Johannesburg. Established in 1998 through the consolidation of First National Bank of South Africa and Rand Merchant Bank, the company has grown into one of the continent’s leading providers of banking and financial products. FirstRand operates a diversified financial-services platform that spans retail, commercial and corporate banking.

The group’s main operating divisions include First National Bank (FNB), which offers personal and small-business banking; Rand Merchant Bank (RMB), specializing in corporate and investment banking; WesBank, a provider of vehicle and asset finance; and Ashburton Investments, which delivers asset management and tailored investment solutions.