Standard Chartered PLC (OTCMKTS:SCBFY) Short Interest Update


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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.

About Standard Chartered

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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