Sanlam Limited (OTCMKTS:SLLDY) Shares Shorted: Short Interest Down 78.1% in September

Sanlam Limited (OTCMKTS:SLLDY) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 15,340 shares, a drop of 78.1% from the August 31st total of 69,981 shares. Based on an average daily trading volume, of 161,019 shares, the short-interest ratio is presently 0.1 days.

Sanlam Stock Performance

Shares of SLLDY stock opened at C$9.97 on Friday. The firm has a fifty day simple moving average of C$10.55 and a 200-day simple moving average of C$10.70. Sanlam has a twelve month low of C$9.48 and a twelve month high of C$13.68.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of Sanlam from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Sanlam Company Profile

Sanlam Limited (OTCMKTS:SLLDY) is a South African financial services group offering a broad array of insurance, investment and wealth management solutions. Headquartered in Bellville, Cape Town, the company provides life and health insurance, general insurance products, retirement planning and savings vehicles to individual and corporate clients. Through its network of advisors and digital platforms, Sanlam seeks to deliver tailored financial planning, estate planning, risk cover and wealth preservation services across multiple market segments.

Founded in 1918 as the South African Life Assurance and Investment Society, Sanlam has grown into one of the continent’s largest insurers.