Suncorp Group Limited (OTCMKTS:SNMCY) Stock Short Interest Climbs 16,228.4%

Suncorp Group Limited (OTCMKTS:SNMCY) saw a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 124,586 shares, an increase of 16,228.4% from the October 15th total of 763 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 133,686 shares, the days-to-cover ratio is presently 0.9 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Suncorp Group from a “strong sell” rating to a “hold” rating in a research report on Friday, November 6th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Suncorp Group presently has a consensus rating of “Hold”.

Suncorp Group Stock Performance

Shares of OTCMKTS:SNMCY opened at $14.28 on Thursday. Suncorp Group has a 12 month low of $9.43 and a 12 month high of $15.66. The company’s fifty day simple moving average is $13.73 and its 200 day simple moving average is $12.73.

Suncorp Group Company Profile

Suncorp Group Limited is an Australia-based insurance company headquartered in Brisbane. It provides personal and commercial insurance products, including home, motor, business and vehicle insurance, as well as other general insurance and related services. The company operates in Australia and New Zealand through brands that include Suncorp, AAMI, GIO, Apia, Shannons and Vero. Its New Zealand operations also include life insurance and insurance services offered through brands such as Asteron Life.