Standard Chartered PLC (OTCMKTS:SCBFY) Short Interest Down 86.2% in June

Standard Chartered PLC (OTCMKTS:SCBFY) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 43,966 shares, a drop of 86.2% from the May 31st total of 319,713 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 641,372 shares, the short-interest ratio is presently 0.1 days.

Standard Chartered Trading Down 0.9%

Shares of OTCMKTS SCBFY traded down $0.51 during mid-day trading on Friday, reaching $53.77. 475,966 shares of the company’s stock were exchanged, compared to its average volume of 217,285. Standard Chartered has a twelve month low of $32.35 and a twelve month high of $56.59. The business has a fifty day simple moving average of $51.88 and a 200 day simple moving average of $49.09.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Standard Chartered from a “hold” rating to a “strong-buy” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Strong Buy”.

Standard Chartered Company Profile

Standard Chartered PLC is a leading international banking group headquartered in London, with a heritage dating back to the 19th century. The bank was formed in 1969 through the merger of Standard Bank of British South Africa and Chartered Bank of India, Australia and China, combining deep roots in emerging markets with a global footprint. Over more than 150 years of operations, Standard Chartered has built a reputation for expertise in trade finance, corporate banking and cross-border transactions.

The company offers a broad range of financial products and services, including corporate and institutional banking, retail banking, wealth management, treasury and capital markets solutions.