Suncorp Group Limited (OTCMKTS:SNMCY) Short Interest Update

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.

The business also recently declared a dividend, which was paid on Wednesday, September 29th. Investors of record on Thursday, August 19th were paid a $0.5498 dividend. This represents a yield of 5.82%. The ex-dividend date of this dividend was Wednesday, August 18th.

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.

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