Suncorp Group Limited (OTCMKTS:SNMCY) saw a significant drop in short interest in September. As of September 30th, there was short interest totalling 1,200 shares, a drop of 87.4% from the September 15th total of 9,500 shares. Based on an average daily trading volume, of 1,300 shares, the days-to-cover ratio is currently 0.9 days.
Separately, Credit Suisse Group raised Suncorp Group from a “neutral” rating to an “outperform” rating in a report on Tuesday, August 10th.
SNMCY stock traded down $0.21 during midday trading on Thursday, reaching $9.45. The company had a trading volume of 1,458 shares, compared to its average volume of 3,686. The stock has a 50 day moving average price of $9.26 and a 200-day moving average price of $8.63. Suncorp Group has a 1-year low of $5.62 and a 1-year high of $9.82.
Suncorp Group Company Profile
Suncorp Group Limited provides insurance, banking, and wealth products and services to retail, corporate, and commercial sectors in Australia and New Zealand. It operates through three segments: Insurance, Banking & Wealth, and Suncorp New Zealand segments. The Insurance segment designs, manufactures, and delivers general insurance products and services, including home and contents, motor, marine, travel, commercial property, industrial special risk, public liability and professional indemnity, workers' compensation, compulsory third party, loan protection, and equity and cash benefit products.
See Also: Blue-Chip Stocks
Receive News & Ratings for Suncorp Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncorp Group and related companies with MarketBeat.com's FREE daily email newsletter.