Sanlam Limited (OTCMKTS:SLLDY) Sees Significant Increase in Short Interest

Sanlam Limited (OTCMKTS:SLLDY) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 18,900 shares, an increase of 220.3% from the February 13th total of 5,900 shares. Based on an average daily volume of 22,200 shares, the short-interest ratio is presently 0.9 days.

Sanlam Stock Up 0.2 %

SLLDY stock traded up C$0.02 on Friday, hitting C$9.17. 18,351 shares of the company’s stock were exchanged, compared to its average volume of 26,578. The firm has a 50 day moving average price of C$9.20 and a two-hundred day moving average price of C$9.65. Sanlam has a 12-month low of C$6.60 and a 12-month high of C$10.46.

Sanlam Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, April 14th. Stockholders of record on Friday, April 4th will be paid a dividend of $0.3621 per share. This is a positive change from Sanlam’s previous dividend of $0.31. The ex-dividend date of this dividend is Friday, April 4th. Sanlam’s payout ratio is presently 3.42%.

Sanlam Company Profile

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.