Short Interest in Standard Bank Group Limited (OTCMKTS:SGBLY) Declines By 28.1%

Standard Bank Group Limited (OTCMKTS:SGBLY) was the target of a large drop in short interest in December. As of December 15th, there was short interest totalling 17,900 shares, a drop of 28.1% from the November 30th total of 24,900 shares. Based on an average daily trading volume, of 81,600 shares, the short-interest ratio is currently 0.2 days.

Standard Bank Group Stock Performance

OTCMKTS:SGBLY traded down $0.13 during mid-day trading on Friday, hitting $11.85. 39,982 shares of the stock traded hands, compared to its average volume of 30,438. Standard Bank Group has a 52 week low of $8.69 and a 52 week high of $14.68. The firm’s 50 day moving average is $13.17 and its two-hundred day moving average is $12.85.

Standard Bank Group Company Profile

Standard Bank Group Limited provides banking and financial products and services in South Africa and internationally. It offers transactional accounts and digital banking platforms; personal and business lending solutions to enhance cash flow; finance for buying, building, and maintaining home; foreign exchange services; trusts and third-party administration accounts; workplace solutions, such as payroll and HR, financial planning, and employer value banking; merchant solutions, including point-of-sale, ecommerce, digital payments, payment processing, and small business support; and cash management services.