Short Interest in Standard Chartered PLC (OTCMKTS:SCBFF) Rises By 143.6%

Standard Chartered PLC (OTCMKTS:SCBFF) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 896,609 shares, a growth of 143.6% from the May 31st total of 368,136 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 41,915 shares, the short-interest ratio is currently 21.4 days.

Standard Chartered Price Performance

Shares of SCBFF stock opened at $26.61 on Wednesday. The stock’s fifty day simple moving average is $25.62 and its 200 day simple moving average is $24.22. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market cap of $60.51 billion, a price-to-earnings ratio of 12.98 and a beta of 0.68. Standard Chartered has a one year low of $15.91 and a one year high of $27.77.

Standard Chartered (OTCMKTS:SCBFF) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.18. Standard Chartered had a return on equity of 11.07% and a net margin of 13.63%.The firm had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.58 billion. On average, analysts expect that Standard Chartered will post 2.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SCBFF has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft raised Standard Chartered from a “hold” rating to a “buy” rating in a report on Tuesday, June 23rd. BNP Paribas Exane upgraded shares of Standard Chartered to an “outperform” rating in a research note on Tuesday, April 14th. Keefe, Bruyette & Woods raised shares of Standard Chartered from a “moderate sell” rating to a “hold” rating in a report on Wednesday, May 6th. Morgan Stanley restated an “overweight” rating on shares of Standard Chartered in a research note on Wednesday, May 13th. Finally, Citigroup reiterated a “neutral” rating on shares of Standard Chartered in a research report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

About Standard Chartered

Standard Chartered plc is a British multinational banking and financial services company headquartered in London. The firm traces its modern form to the 1969 merger of the Chartered Bank of India, Australia and China (founded in 1853) and Standard Bank of British South Africa (founded in 1862), creating an international bank with deep historical roots in trade finance and cross-border banking. Standard Chartered maintains a global footprint and a long-standing focus on facilitating trade and capital flows between developed and emerging markets.

Standard Chartered provides a broad range of banking and financial services for corporate, institutional and individual clients.