Standard Chartered PLC (OTCMKTS:SCBFY) was the recipient of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 3,200 shares, a drop of 23.8% from the March 31st total of 4,200 shares. Based on an average daily volume of 25,300 shares, the days-to-cover ratio is currently 0.1 days.
A number of brokerages recently issued reports on SCBFY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Standard Chartered in a research report on Monday, April 12th. Barclays reiterated an “underweight” rating on shares of Standard Chartered in a research report on Friday, February 26th. UBS Group reaffirmed a “neutral” rating on shares of Standard Chartered in a research note on Thursday, March 11th. Finally, Berenberg Bank restated a “buy” rating on shares of Standard Chartered in a research report on Monday, March 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold”.
Shares of OTCMKTS:SCBFY opened at $14.47 on Tuesday. Standard Chartered has a twelve month low of $8.48 and a twelve month high of $15.05. The firm’s 50 day moving average price is $13.87 and its 200-day moving average price is $12.82.
Standard Chartered PLC, together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, Europe, the Americas, and the Middle East. The company operates through Corporate & Institutional Banking, Retail banking, Commercial Banking, and Private Banking segments.
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