Suncorp Group Limited (OTCMKTS:SNMCY) Sees Significant Growth in Short Interest

Suncorp Group Limited (OTCMKTS:SNMCY) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 10,800 shares, an increase of 1,700.0% from the December 15th total of 600 shares. Based on an average trading volume of 13,500 shares, the short-interest ratio is presently 0.8 days.

Shares of Suncorp Group stock opened at $8.54 on Friday. The firm has a 50-day simple moving average of $8.06 and a two-hundred day simple moving average of $8.66. Suncorp Group has a fifty-two week low of $7.36 and a fifty-two week 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.

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