Standard Chartered PLC (OTCMKTS:SCBFF) Short Interest Down 34.9% in April

Standard Chartered PLC (OTCMKTS:SCBFF) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 446,459 shares, a decline of 34.9% from the April 15th total of 685,791 shares. Based on an average daily volume of 9,532 shares, the days-to-cover ratio is currently 46.8 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

SCBFF has been the topic of several research reports. Citigroup reiterated a “neutral” rating on shares of Standard Chartered in a report on Friday, May 1st. Keefe, Bruyette & Woods raised shares of Standard Chartered from a “moderate sell” rating to a “hold” rating in a report on Wednesday, May 6th. BNP Paribas Exane upgraded shares of Standard Chartered to an “outperform” rating in a report on Tuesday, April 14th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Standard Chartered in a research report on Wednesday. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Standard Chartered has a consensus rating of “Moderate Buy”.

Standard Chartered Trading Up 1.4%

Shares of OTCMKTS SCBFF traded up $0.35 during midday trading on Monday, hitting $25.28. The stock had a trading volume of 460 shares, compared to its average volume of 8,714. The company has a market capitalization of $57.47 billion, a price-to-earnings ratio of 12.33 and a beta of 0.68. The company has a fifty day moving average price of $22.69 and a 200 day moving average price of $23.08. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.50. Standard Chartered has a 1-year low of $14.85 and a 1-year high of $26.45.

Standard Chartered (OTCMKTS:SCBFF) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.18. Standard Chartered had a net margin of 13.63% and a return on equity of 11.07%. The firm had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.58 billion. On average, analysts predict that Standard Chartered will post 2.26 earnings per share for the current year.

About Standard Chartered

Standard Chartered plc is a British multinational banking and financial services company headquartered in London. The firm traces its modern form to the 1969 merger of the Chartered Bank of India, Australia and China (founded in 1853) and Standard Bank of British South Africa (founded in 1862), creating an international bank with deep historical roots in trade finance and cross-border banking. Standard Chartered maintains a global footprint and a long-standing focus on facilitating trade and capital flows between developed and emerging markets.

Standard Chartered provides a broad range of banking and financial services for corporate, institutional and individual clients.