Short Interest in Suncorp Group Limited (OTCMKTS:SNMCY) Declines By 80.5%

Suncorp Group Limited (OTCMKTS:SNMCY) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 25,043 shares, a decline of 80.5% from the July 15th total of 128,723 shares. Based on an average daily trading volume, of 103,485 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Suncorp Group to a “strong sell” rating in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Suncorp Group Price Performance

Shares of SNMCY stock traded up $0.17 during mid-day trading on Friday, reaching $14.21. The stock had a trading volume of 53,471 shares, compared to its average volume of 99,005. The stock’s 50-day moving average price is $13.29 and its two-hundred day moving average price is $12.28. Suncorp Group has a 52-week low of $9.43 and a 52-week high of $15.25.

Suncorp Group Company Profile

Suncorp Group is a leading Australian financial services company headquartered in Brisbane, Queensland. The group offers a comprehensive range of insurance, banking and wealth management products to personal, small business and corporate clients. Operating across Australia and New Zealand, Suncorp serves its customers through a network of branches, digital platforms and partnerships with brokers and agents.

The company’s core insurance business provides general insurance cover for motor, home, commercial and specialty lines.