Suncorp Group Limited (OTCMKTS:SNMCY) Shares Shorted: Short Interest Up 16,228.4% in October

Suncorp Group Limited (OTCMKTS:SNMCY) was the recipient of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 124,586 shares, an increase of 16,228.4% from the October 15th total of 763 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 133,686 shares, the days-to-cover ratio is currently 0.9 days.

Suncorp Group Stock Performance

Shares of OTCMKTS:SNMCY opened at $14.32 on Wednesday. Suncorp Group has a 1-year low of $9.43 and a 1-year high of $15.66. The company has a 50 day moving average price of $13.72 and a 200 day moving average price of $12.72.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Suncorp Group from a “strong sell” rating to a “hold” rating in a research note on Friday, November 6th. One research analyst has rated the stock with a Hold rating. According to MarketBeat, Suncorp Group has an average rating of “Hold”.

About Suncorp Group

Suncorp Group Limited is an Australia-based insurance company headquartered in Brisbane. It provides personal and commercial insurance products, including home, motor, business and vehicle insurance, as well as other general insurance and related services. The company operates in Australia and New Zealand through brands that include Suncorp, AAMI, GIO, Apia, Shannons and Vero. Its New Zealand operations also include life insurance and insurance services offered through brands such as Asteron Life.