Suncorp Group Limited (OTCMKTS:SNMCY) Short Interest Down 80.5% in July

Suncorp Group Limited (OTCMKTS:SNMCY) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 25,043 shares, a decline of 80.5% from the July 15th total of 128,723 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 103,485 shares, the days-to-cover ratio is currently 0.2 days.

Suncorp Group Trading Down 2.2%

Suncorp Group stock opened at $13.01 on Wednesday. The business’s 50 day simple moving average is $13.24 and its 200 day simple moving average is $12.25. Suncorp Group has a 12 month low of $9.43 and a 12 month high of $15.25.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Suncorp Group to a “strong sell” rating in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Suncorp Group Company Profile

Suncorp Group is a leading Australian financial services company headquartered in Brisbane, Queensland. The group offers a comprehensive range of insurance, banking and wealth management products to personal, small business and corporate clients. Operating across Australia and New Zealand, Suncorp serves its customers through a network of branches, digital platforms and partnerships with brokers and agents.

The company’s core insurance business provides general insurance cover for motor, home, commercial and specialty lines.