Abrdn PLC Unsponsored ADR (OTCMKTS:SLFPY) Stock Short Interest Jumps 1,190.6%

Abrdn PLC Unsponsored ADR (OTCMKTS:SLFPY) was the recipient of a significant increase in short interest in October. As of October 30th, there was short interest totaling 413 shares, an increase of 1,190.6% from the October 15th total of 32 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 495 shares, the short-interest ratio is presently 0.8 days.

Abrdn Price Performance

SLFPY remained flat at $12.32 during trading on Tuesday. 306 shares of the company’s stock traded hands, compared to its average volume of 397. Abrdn has a 12 month low of $10.03 and a 12 month high of $13.60. The stock’s 50-day moving average is $12.85 and its 200 day moving average is $12.43.

About Abrdn

abrdn plc is a global investment and financial services company headquartered in Edinburgh, Scotland. It provides investment management services to institutional and individual clients, with offerings across areas such as equities, fixed income, multi-asset investing and private markets. The company also serves financial advisers and individual investors through wealth and investment platforms, including interactive investor. Its services include investment products, portfolio management and tools for investing and financial planning. abrdn was formed in 2017 through the merger of Standard Life and Aberdeen Asset Management and adopted the abrdn name in 2021.