Standard Chartered PLC (OTCMKTS:SCBFY) Short Interest Up 473.4% in May

Standard Chartered PLC (OTCMKTS:SCBFY) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 319,713 shares, an increase of 473.4% from the May 14th total of 55,760 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 571,579 shares, the short-interest ratio is currently 0.6 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Standard Chartered to a “hold” rating in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Standard Chartered Trading Up 7.7%

SCBFY traded up $3.66 during trading hours on Friday, hitting $51.31. The stock had a trading volume of 1,344 shares, compared to its average volume of 222,214. Standard Chartered has a 1 year low of $30.95 and a 1 year high of $56.59. The company’s fifty day simple moving average is $49.96 and its 200 day simple moving average is $48.37.

About Standard Chartered

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.