FirstRand Limited (OTCMKTS:FANDF – Get Free Report) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 20,395 shares, a drop of 45.1% from the September 15th total of 37,156 shares. Based on an average daily trading volume, of 10 shares, the days-to-cover ratio is presently 2,039.5 days.
FirstRand Price Performance
Shares of OTCMKTS:FANDF remained flat at $5.21 during trading on Thursday. The stock’s 50-day moving average price is $5.72 and its 200-day moving average price is $5.56. FirstRand has a 1 year low of $4.64 and a 1 year high of $6.01.
FirstRand Company Profile
FirstRand Limited is a South African financial services group headquartered in Johannesburg. Listed on the Johannesburg Stock Exchange, the group provides banking, lending, investment, insurance-related and wealth-management services through a portfolio of financial brands.
Its principal businesses include First National Bank (FNB), which offers personal, business and commercial banking products; Rand Merchant Bank (RMB), which provides corporate and investment banking, advisory, financing and markets services; and WesBank, which specializes in vehicle and asset finance.
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