Standard Chartered PLC (OTCMKTS:SCBFY) Short Interest Down 34.4% in September

Standard Chartered PLC (OTCMKTS:SCBFY) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totalling 27,500 shares, a decline of 34.4% from the August 31st total of 41,900 shares. Based on an average trading volume of 266,400 shares, the days-to-cover ratio is currently 0.1 days.

Standard Chartered Price Performance

Shares of SCBFY remained flat at $21.83 during trading hours on Friday. The company had a trading volume of 67,730 shares, compared to its average volume of 102,862. The stock’s 50 day moving average is $19.90 and its 200-day moving average is $18.92. Standard Chartered has a 12 month low of $14.35 and a 12 month high of $21.95.

Standard Chartered Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, October 25th. Shareholders of record on Monday, August 12th will be paid a $0.144 dividend. The ex-dividend date is Monday, August 12th.

About Standard Chartered

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas. The company operates in three segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures.