Standard Chartered PLC (OTCMKTS:SCBFF) Sees Large Growth in Short Interest

Standard Chartered PLC (OTCMKTS:SCBFF) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 414,300 shares, a growth of 43.6% from the September 15th total of 288,600 shares. Based on an average daily volume of 8,500 shares, the short-interest ratio is currently 48.7 days.

Standard Chartered Price Performance

Standard Chartered stock remained flat at $10.25 during trading hours on Monday. The company’s stock had a trading volume of 5,518 shares, compared to its average volume of 12,295. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.84 and a quick ratio of 0.84. The stock’s fifty day moving average price is $9.86 and its 200 day moving average price is $9.37. Standard Chartered has a 52-week low of $7.06 and a 52-week high of $11.03. The firm has a market cap of $26.27 billion, a price-to-earnings ratio of 9.23 and a beta of 0.75.

Standard Chartered (OTCMKTS:SCBFF) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.45 earnings per share for the quarter. Standard Chartered had a return on equity of 8.80% and a net margin of 8.56%. The firm had revenue of $4.66 billion during the quarter. Analysts anticipate that Standard Chartered will post 1.66 EPS for the current year.

Standard Chartered Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, October 10th. Shareholders of record on Friday, August 9th were issued a dividend of $0.09 per share. The ex-dividend date was Thursday, August 8th. This represents a yield of 1.05%. Standard Chartered’s payout ratio is currently 16.22%.

Analyst Upgrades and Downgrades

Separately, UBS Group upgraded Standard Chartered to a “strong-buy” rating in a report on Thursday, August 1st.

Standard Chartered Company Profile

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.