Suncorp Group Limited (OTCMKTS:SNMCY) Short Interest Down 42.9% in January

Suncorp Group Limited (OTCMKTS:SNMCY) was the target of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 400 shares, a drop of 42.9% from the January 15th total of 700 shares. Based on an average daily volume of 1,200 shares, the days-to-cover ratio is presently 0.3 days.

Suncorp Group Stock Up 1.9 %

Shares of SNMCY traded up $0.24 during trading hours on Thursday, reaching $13.02. 376 shares of the company traded hands, compared to its average volume of 710. The stock’s fifty day moving average price is $12.58 and its 200 day moving average price is $12.29. Suncorp Group has a 12-month low of $8.95 and a 12-month high of $13.90.

About Suncorp Group

Suncorp Group Limited provides insurance and banking products and services to retail, corporate, and commercial customers in Australia and New Zealand. The company operates through Insurance (Australia), Suncorp Bank, and Suncorp New Zealand segments. The Insurance (Australia) segment provides general insurance products and services, including home and contents, motor, marine, travel, commercial property, industrial special risk, public liability and professional indemnity, workers' compensation, and compulsory third-party products, as well as distributes life insurance products.