Standard Chartered PLC (OTCMKTS:SCBFY) Stock Short Interest Report for October

Standard Chartered PLC (OTCMKTS:SCBFY) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 20,255 shares, a drop of 74.1% from the September 30th total of 78,123 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 208,337 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Standard Chartered from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 13th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has a consensus rating of “Sell”.

Standard Chartered Trading Up 3.7%

SCBFY stock traded up $1.97 during trading on Wednesday, hitting $55.60. The stock had a trading volume of 9,147 shares, compared to its average volume of 181,472. Standard Chartered has a twelve month low of $40.17 and a twelve month high of $63.15. The company’s 50-day moving average price is $59.05 and its two-hundred day moving average price is $53.18.

About Standard Chartered

Standard Chartered PLC is an international banking group headquartered in London, United Kingdom. The company provides banking and financial services to individuals, businesses, institutions and governments, with a primary focus on markets across Asia, Africa and the Middle East, as well as operations in the United Kingdom and other global financial centers.

The group’s businesses include corporate and institutional banking, commercial banking, wealth management, private banking and retail banking.