Standard Bank Group Limited (OTCMKTS:SGBLY) Short Interest Update

Standard Bank Group Limited (OTCMKTS:SGBLY) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 8,233 shares, a decrease of 48.7% from the June 30th total of 16,054 shares. Based on an average daily volume of 121,703 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

A number of brokerages have weighed in on SGBLY. Zacks Research raised Standard Bank Group to a “hold” rating in a report on Friday, June 12th. HSBC downgraded Standard Bank Group to a “hold” rating in a research report on Monday, May 4th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Standard Bank Group Trading Up 3.1%

Shares of Standard Bank Group stock traded up $0.61 during midday trading on Thursday, hitting $20.03. 48,775 shares of the company traded hands, compared to its average volume of 52,992. The firm’s fifty day moving average price is $19.53 and its 200-day moving average price is $19.08. Standard Bank Group has a 12 month low of $12.74 and a 12 month high of $20.69.

Standard Bank Group Company Profile

Standard Bank Group Limited is a South African financial services conglomerate headquartered in Johannesburg, offering a comprehensive range of banking and related services. Established in 1862, the group has grown to become one of Africa’s largest banks, serving individuals, small and medium-sized enterprises, and large corporations. Its core activities encompass personal and business banking, corporate and investment banking, wealth management, and insurance.

Within its personal and business banking division, Standard Bank provides transactional accounts, savings and deposits, mortgage lending, vehicle and asset finance, as well as payment solutions and digital banking platforms.