Sanlam Limited (OTCMKTS:SLLDY) Short Interest Update

Sanlam Limited (OTCMKTS:SLLDY) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 69,981 shares, a growth of 265.2% from the August 15th total of 19,161 shares. Based on an average trading volume of 61,547 shares, the short-interest ratio is currently 1.1 days.

Sanlam Stock Performance

OTCMKTS:SLLDY opened at C$10.04 on Monday. Sanlam has a fifty-two week low of C$9.47 and a fifty-two week high of C$13.68. The company’s 50-day simple moving average is C$10.72 and its 200-day simple moving average is C$10.87.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of Sanlam from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Sanlam currently has an average rating of “Sell”.

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.