Standard Bank Group Limited (OTCMKTS:SGBLY) Shares Shorted: Short Interest Down 86.3% in September

Standard Bank Group Limited (OTCMKTS:SGBLY) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 2,455 shares, a decline of 86.3% from the September 15th total of 17,972 shares. Based on an average daily volume of 73,287 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Standard Bank Group to a “hold” rating in a research report on Friday, June 12th. Four research analysts have rated the stock with a Hold rating. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Standard Bank Group Stock Performance

OTCMKTS SGBLY traded up $0.10 on Friday, reaching $17.82. The company’s stock had a trading volume of 65,031 shares, compared to its average volume of 41,578. Standard Bank Group has a 52 week low of $14.30 and a 52 week high of $20.74. The business has a 50-day moving average price of $19.44 and a 200 day moving average price of $19.31.

About Standard Bank Group

Standard Bank Group Limited is a South African financial services organization headquartered in Johannesburg. Established in 1862 as The Standard Bank of British South Africa, the group has developed into a major banking and financial services provider focused primarily on Africa.

Through its personal and business banking operations, Standard Bank provides deposit accounts, payments, lending, credit cards, digital banking, insurance and other financial products to individuals, small businesses and commercial customers.