Suncorp Group Limited (OTCMKTS:SNMCY) Shares Shorted: Short Interest Down 96.1% in October

Suncorp Group Limited (OTCMKTS:SNMCY) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 763 shares, a decline of 96.1% from the September 30th total of 19,626 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 134,805 shares, the days-to-cover ratio is presently 0.0 days.

Suncorp Group Stock Performance

OTCMKTS:SNMCY traded down $0.15 on Wednesday, hitting $13.93. 12,359 shares of the stock were exchanged, compared to its average volume of 90,592. Suncorp Group has a fifty-two week low of $9.43 and a fifty-two week high of $15.66. The stock has a fifty day moving average of $13.67 and a 200-day moving average of $12.61.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Suncorp Group from a “hold” rating to a “strong sell” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Suncorp Group currently has a consensus rating of “Sell”.

Suncorp Group Company Profile

Suncorp Group Limited is an Australia-based insurance company headquartered in Brisbane, Queensland. The group provides general insurance products and services to individuals, businesses and government customers across Australia and New Zealand.

Its Australian insurance portfolio includes personal products such as home, motor, travel and life-related insurance, as well as commercial insurance, workers’ compensation and compulsory third-party coverage. Suncorp distributes products through a range of brands, including Suncorp, AAMI, GIO, Apia, Shannons and CIL.