Sanlam Limited (OTCMKTS:SLLDY) Sees Large Increase in Short Interest

Sanlam Limited (OTCMKTS:SLLDY) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 19,161 shares, an increase of 84.5% from the July 30th total of 10,388 shares. Based on an average daily volume of 66,035 shares, the short-interest ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Sanlam from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Sanlam has an average rating of “Sell”.

Sanlam Price Performance

Sanlam stock opened at C$10.71 on Tuesday. The business’s fifty day simple moving average is C$10.77 and its two-hundred day simple moving average is C$11.04. Sanlam has a 12 month low of C$9.38 and a 12 month high of C$13.68.

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.