Standard Chartered PLC (OTCMKTS:SCBFY) Short Interest Up 240.9% in July

Standard Chartered PLC (OTCMKTS:SCBFY) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 24,075 shares, a growth of 240.9% from the July 15th total of 7,063 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 339,557 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Zacks Research lowered Standard Chartered from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Standard Chartered Trading Down 0.3%

Shares of Standard Chartered stock traded down $0.15 during trading hours on Thursday, hitting $60.12. The company had a trading volume of 12,313 shares, compared to its average volume of 200,227. The company’s 50-day moving average is $55.98 and its two-hundred day moving average is $51.11. Standard Chartered has a twelve month low of $34.97 and a twelve month high of $60.96.

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.