Suncorp Group Limited (OTCMKTS:SNMCY) Stock Short Interest Report for October

Suncorp Group Limited (OTCMKTS:SNMCY) was the target of a significant increase in short interest in October. As of October 30th, there was short interest totaling 124,586 shares, an increase of 16,228.4% from the October 15th total of 763 shares. Based on an average daily volume of 133,686 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Suncorp Group from a “strong sell” rating to a “hold” rating in a research report on Friday. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, Suncorp Group currently has a consensus rating of “Hold”.

Suncorp Group Price Performance

Shares of OTCMKTS SNMCY traded up $0.09 during mid-day trading on Tuesday, reaching $14.32. 36,881 shares of the company traded hands, compared to its average volume of 90,193. Suncorp Group has a fifty-two week low of $9.43 and a fifty-two week high of $15.66. The stock has a fifty day simple moving average of $13.70 and a 200-day simple moving average of $12.71.

Suncorp Group Company Profile

Suncorp Group Limited is an Australia-based insurance company headquartered in Brisbane. It provides personal and commercial insurance products, including home, motor, business and vehicle insurance, as well as other general insurance and related services. The company operates in Australia and New Zealand through brands that include Suncorp, AAMI, GIO, Apia, Shannons and Vero. Its New Zealand operations also include life insurance and insurance services offered through brands such as Asteron Life.