Sanlam Limited (OTCMKTS:SLLDY) Short Interest Update

Sanlam Limited (OTCMKTS:SLLDY) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 10,388 shares, a drop of 81.7% from the July 15th total of 56,893 shares. Based on an average daily volume of 116,588 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Zacks Research downgraded 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, According to MarketBeat, the company has an average rating of “Sell”.

Sanlam Stock Down 2.0%

SLLDY stock opened at C$10.77 on Wednesday. Sanlam has a 12 month low of C$9.38 and a 12 month high of C$13.68. The company has a 50-day moving average price of C$10.77 and a 200 day moving average price of C$11.26.

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.