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

Standard Chartered PLC (OTCMKTS:SCBFF) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 446,459 shares, a decrease of 34.9% from the April 15th total of 685,791 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 9,532 shares, the days-to-cover ratio is currently 46.8 days.

Wall Street Analyst Weigh In

Several analysts have issued reports on SCBFF shares. Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a research report on Friday, May 1st. Keefe, Bruyette & Woods raised Standard Chartered from a “moderate sell” rating to a “hold” rating in a report on Wednesday, May 6th. Morgan Stanley reissued an “overweight” rating on shares of Standard Chartered in a research note on Wednesday. Finally, BNP Paribas Exane raised Standard Chartered to an “outperform” rating in a report on Tuesday, April 14th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Standard Chartered currently has a consensus rating of “Moderate Buy”.

Standard Chartered Price Performance

Shares of OTCMKTS:SCBFF traded up $0.35 during trading on Monday, reaching $25.28. 460 shares of the company traded hands, compared to its average volume of 8,714. Standard Chartered has a 52 week low of $14.85 and a 52 week high of $26.45. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $57.47 billion, a PE ratio of 12.33 and a beta of 0.68. The company’s 50 day moving average is $22.69 and its two-hundred day moving average is $23.08.

Standard Chartered (OTCMKTS:SCBFF) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.18. Standard Chartered had a net margin of 13.63% and a return on equity of 11.07%. The business had revenue of $5.90 billion during the quarter, compared to analyst estimates of $5.58 billion. As a group, sell-side analysts predict that Standard Chartered will post 2.26 earnings per share for the current year.

About Standard Chartered

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.