FirstRand Limited (OTCMKTS:FANDF – Get Free Report) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 108,918 shares, a drop of 59.0% from the June 30th total of 265,580 shares. Based on an average trading volume of 11 shares, the short-interest ratio is currently 9,901.6 days.
FirstRand Price Performance
Shares of FANDF stock opened at $5.60 on Monday. FirstRand has a 1 year low of $4.21 and a 1 year high of $6.01. The firm’s fifty day simple moving average is $5.60 and its 200 day simple moving average is $5.56.
FirstRand Company Profile
FirstRand Limited is a South African financial services group headquartered in Johannesburg. Established in 1998 through the consolidation of First National Bank of South Africa and Rand Merchant Bank, the company has grown into one of the continent’s leading providers of banking and financial products. FirstRand operates a diversified financial-services platform that spans retail, commercial and corporate banking.
The group’s main operating divisions include First National Bank (FNB), which offers personal and small-business banking; Rand Merchant Bank (RMB), specializing in corporate and investment banking; WesBank, a provider of vehicle and asset finance; and Ashburton Investments, which delivers asset management and tailored investment solutions.
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