Standard Chartered PLC (OTCMKTS:SCBFY) Short Interest Update

Standard Chartered PLC (OTCMKTS:SCBFY) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 26,900 shares, an increase of 174.5% from the January 31st total of 9,800 shares. Based on an average daily volume of 97,200 shares, the short-interest ratio is currently 0.3 days.

Standard Chartered Price Performance

Shares of OTCMKTS:SCBFY traded down $0.08 during midday trading on Friday, reaching $31.92. 82,415 shares of the company’s stock were exchanged, compared to its average volume of 85,282. The company’s 50 day simple moving average is $27.11 and its two-hundred day simple moving average is $24.04. Standard Chartered has a 12 month low of $16.03 and a 12 month high of $32.20.

Standard Chartered Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Friday, March 28th will be issued a dividend of $0.6578 per share. This is an increase from Standard Chartered’s previous dividend of $0.14. The ex-dividend date is Friday, March 28th.

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.