Standard Chartered PLC (OTCMKTS:SCBFY) Stock Short Interest Falls 34.9%

Standard Chartered PLC (OTCMKTS:SCBFY) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 78,123 shares, a decrease of 34.9% from the September 15th total of 120,031 shares. Based on an average trading volume of 213,685 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Standard Chartered from a “hold” rating to a “strong sell” rating in a research note on Tuesday. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Standard Chartered Stock Performance

Shares of SCBFY opened at $56.79 on Friday. The stock’s fifty day moving average price is $60.04 and its two-hundred day moving average price is $55.17. Standard Chartered has a 1 year low of $37.32 and a 1 year high of $63.15.

Standard Chartered Company Profile

Standard Chartered PLC is an international banking group headquartered in London, with a strong focus on markets across Asia, Africa and the Middle East. The group serves individuals, businesses, financial institutions and governments through operations spanning a broad network of developed and emerging economies.

The company provides corporate and institutional banking, commercial banking, retail banking, private banking and wealth management services. Its offerings include lending, deposits, transaction banking, trade finance, cash management, foreign exchange, capital markets, investment banking, investment management and digital banking solutions.