Sanlam Limited (OTCMKTS:SLLDY) Short Interest Update

Sanlam Limited (OTCMKTS:SLLDY) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 74,928 shares, an increase of 204.2% from the May 31st total of 24,630 shares. Based on an average daily volume of 101,859 shares, the days-to-cover ratio is currently 0.7 days.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Sanlam to a “hold” rating in a research note on Thursday, April 9th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Sanlam Trading Up 2.3%

SLLDY traded up C$0.24 on Monday, reaching C$10.89. The company had a trading volume of 4,021 shares, compared to its average volume of 51,085. Sanlam has a 52-week low of C$9.38 and a 52-week high of C$13.68. The business has a 50 day simple moving average of C$10.65 and a 200 day simple moving average of C$11.52.

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.