Standard Chartered PLC (OTCMKTS:SCBFY) Sees Large Increase in Short Interest

Standard Chartered PLC (OTCMKTS:SCBFY) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 100,300 shares, an increase of 111.2% from the May 31st total of 47,500 shares. Based on an average daily volume of 175,800 shares, the days-to-cover ratio is currently 0.6 days.

Standard Chartered Stock Down 1.2 %

OTCMKTS:SCBFY traded down $0.22 during trading hours on Friday, reaching $18.53. 82,364 shares of the company’s stock were exchanged, compared to its average volume of 92,519. The company has a 50-day moving average of $18.98 and a 200 day moving average of $17.22. Standard Chartered has a 1-year low of $14.35 and a 1-year high of $20.42.

About Standard Chartered

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas. The company operates in three segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures.