Short Interest in Standard Chartered PLC (OTCMKTS:SCBFY) Expands By 80.8%

Standard Chartered PLC (OTCMKTS:SCBFY) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 55,760 shares, a growth of 80.8% from the April 30th total of 30,837 shares. Based on an average daily volume of 292,273 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Standard Chartered Stock Up 1.9%

SCBFY opened at $54.98 on Tuesday. Standard Chartered has a 12-month low of $30.69 and a 12-month high of $55.16. The business has a 50 day moving average of $48.31 and a 200-day moving average of $47.81.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Standard Chartered to a “hold” rating in a research report on Monday, April 13th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Standard Chartered Company Profile

Standard Chartered PLC is a leading international banking group headquartered in London, with a heritage dating back to the 19th century. The bank was formed in 1969 through the merger of Standard Bank of British South Africa and Chartered Bank of India, Australia and China, combining deep roots in emerging markets with a global footprint. Over more than 150 years of operations, Standard Chartered has built a reputation for expertise in trade finance, corporate banking and cross-border transactions.

The company offers a broad range of financial products and services, including corporate and institutional banking, retail banking, wealth management, treasury and capital markets solutions.