Standard Chartered PLC (OTCMKTS:SCBFY) Short Interest Update

Standard Chartered PLC (OTCMKTS:SCBFY) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 43,966 shares, a decrease of 86.2% from the May 31st total of 319,713 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 641,372 shares, the days-to-cover ratio is presently 0.1 days.

Standard Chartered Price Performance

Standard Chartered stock traded down $0.51 during trading hours on Friday, reaching $53.77. The stock had a trading volume of 475,966 shares, compared to its average volume of 217,285. Standard Chartered has a 52 week low of $32.35 and a 52 week high of $56.59. The company has a fifty day simple moving average of $51.88 and a 200-day simple moving average of $49.09.

Analyst Ratings Changes

Separately, Zacks Research raised Standard Chartered from a “hold” rating to a “strong-buy” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Standard Chartered has a consensus rating of “Strong Buy”.

About Standard Chartered

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.