Standard Chartered PLC (OTCMKTS:SCBFF) Sees Significant Growth in Short Interest

Standard Chartered PLC (OTCMKTS:SCBFF) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 173,937 shares, an increase of 19.9% from the December 31st total of 145,047 shares. Based on an average daily trading volume, of 14,426 shares, the days-to-cover ratio is currently 12.1 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 14,426 shares, the days-to-cover ratio is currently 12.1 days.

Standard Chartered Stock Performance

Shares of SCBFF opened at $24.99 on Wednesday. Standard Chartered has a one year low of $10.65 and a one year high of $26.45. The stock has a 50-day moving average price of $23.97 and a 200 day moving average price of $20.89. The company has a market capitalization of $56.81 billion, a P/E ratio of 13.29 and a beta of 0.52.

Wall Street Analysts Forecast Growth

SCBFF has been the topic of several recent research reports. Citigroup restated a “neutral” rating on shares of Standard Chartered in a report on Friday, January 9th. Zacks Research cut Standard Chartered from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Morgan Stanley reaffirmed an “overweight” rating on shares of Standard Chartered in a research report on Wednesday, January 14th. Finally, The Goldman Sachs Group upgraded Standard Chartered from a “hold” rating to a “buy” rating in a research note on Thursday, December 11th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate 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.