Suncorp Group Limited (OTCMKTS:SNMCY) Stock Short Interest Declines 96.1%

Suncorp Group Limited (OTCMKTS:SNMCY) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 763 shares, a drop of 96.1% from the September 30th total of 19,626 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 134,805 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Suncorp Group from a “hold” rating to a “strong sell” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock has an average rating of “Sell”.

Suncorp Group Stock Down 1.6%

SNMCY stock traded down $0.23 during midday trading on Monday, reaching $14.05. The company had a trading volume of 42,415 shares, compared to its average volume of 69,074. Suncorp Group has a 1 year low of $9.43 and a 1 year high of $15.66. The company has a 50 day moving average of $13.67 and a two-hundred day moving average of $12.59.

Suncorp Group Company Profile

Suncorp Group Limited is an Australia-based insurance company headquartered in Brisbane, Queensland. The group provides general insurance products and services to individuals, businesses and government customers across Australia and New Zealand.

Its Australian insurance portfolio includes personal products such as home, motor, travel and life-related insurance, as well as commercial insurance, workers’ compensation and compulsory third-party coverage. Suncorp distributes products through a range of brands, including Suncorp, AAMI, GIO, Apia, Shannons and CIL.