Short Interest in Standard Chartered PLC (OTCMKTS:SCBFF) Decreases By 15.8%

Standard Chartered PLC (OTCMKTS:SCBFF) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 156,820 shares, a drop of 15.8% from the November 30th total of 186,293 shares. Based on an average trading volume of 12,135 shares, the short-interest ratio is currently 12.9 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 12,135 shares, the short-interest ratio is currently 12.9 days.

Standard Chartered Price Performance

SCBFF opened at $24.69 on Wednesday. Standard Chartered has a 1-year low of $10.65 and a 1-year high of $25.04. The stock has a market cap of $56.13 billion, a P/E ratio of 13.13 and a beta of 0.54. The stock’s 50 day simple moving average is $21.67 and its 200 day simple moving average is $19.43.

Standard Chartered (OTCMKTS:SCBFF) last posted its earnings results on Thursday, October 30th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. The company had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $4.97 billion. Standard Chartered had a return on equity of 10.88% and a net margin of 12.84%. Research analysts expect that Standard Chartered will post 1.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SCBFF. Zacks Research raised shares of Standard Chartered from a “hold” rating to a “strong-buy” rating in a report on Friday, December 12th. The Goldman Sachs Group upgraded Standard Chartered from a “hold” rating to a “buy” rating in a research report on Thursday, December 11th. Citigroup reissued a “neutral” rating on shares of Standard Chartered in a report on Monday, November 3rd. Finally, Morgan Stanley raised Standard Chartered from an “equal weight” rating to an “overweight” rating in a report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Standard Chartered Company Profile

Standard Chartered plc is a British multinational banking and financial services company headquartered in London. The firm traces its modern form to the 1969 merger of the Chartered Bank of India, Australia and China (founded in 1853) and Standard Bank of British South Africa (founded in 1862), creating an international bank with deep historical roots in trade finance and cross-border banking. Standard Chartered maintains a global footprint and a long-standing focus on facilitating trade and capital flows between developed and emerging markets.

Standard Chartered provides a broad range of banking and financial services for corporate, institutional and individual clients.