Sanlam Limited (OTCMKTS:SLLDY) Sees Large Decline in Short Interest

Sanlam Limited (OTCMKTS:SLLDY) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 7,401 shares, a decline of 86.9% from the April 15th total of 56,325 shares. Based on an average daily volume of 90,223 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, Zacks Research upgraded Sanlam to a “hold” rating in a report on Thursday, April 9th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Sanlam Stock Performance

SLLDY stock traded down C$0.01 during trading on Thursday, hitting C$10.58. The company had a trading volume of 13,086 shares, compared to its average volume of 51,120. The business has a 50-day moving average of C$10.91 and a 200-day moving average of C$11.57. Sanlam has a one year low of C$9.38 and a one year high of C$13.68.

Sanlam Company Profile

Sanlam Limited (OTCMKTS:SLLDY) is a South African financial services group offering a broad array of insurance, investment and wealth management solutions. Headquartered in Bellville, Cape Town, the company provides life and health insurance, general insurance products, retirement planning and savings vehicles to individual and corporate clients. Through its network of advisors and digital platforms, Sanlam seeks to deliver tailored financial planning, estate planning, risk cover and wealth preservation services across multiple market segments.

Founded in 1918 as the South African Life Assurance and Investment Society, Sanlam has grown into one of the continent’s largest insurers.