Sanlam Limited (OTCMKTS:SLLDY) Short Interest Down 61.3% in January

Sanlam Limited (OTCMKTS:SLLDY) was the target of a large drop in short interest in January. As of January 31st, there was short interest totalling 12,200 shares, a drop of 61.3% from the January 15th total of 31,500 shares. Based on an average daily volume of 39,100 shares, the days-to-cover ratio is currently 0.3 days.

Sanlam Stock Performance

Shares of Sanlam stock opened at C$9.14 on Friday. The stock’s 50 day simple moving average is C$9.29 and its 200-day simple moving average is C$9.61. Sanlam has a 1-year low of C$6.60 and a 1-year high of C$10.46.

About Sanlam

Sanlam Limited provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, and internationally. The company operates through Sanlam Life and Savings, Sanlam Emerging Markets, Sanlam Investment Group, and Santam segments. It offers life, disability, severe illness, income protection, cancer, funeral, credit life, medical aid, gap cover, vehicle, house contents, buildings, all risk, buy and sell, business debt, key person, and group risk benefits insurance, as well as commercial insurance products consisting of office contents, theft, glass, personal accident, goods in transit, machinery breakdown, fire, business interruption, money, deterioration of stock, accidental damage, public liability, and electronic equipment.