Standard Bank Group Limited (OTCMKTS:SGBLY) Short Interest Up 249.5% in July

Standard Bank Group Limited (OTCMKTS:SGBLY) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 28,778 shares, a growth of 249.5% from the July 15th total of 8,233 shares. Based on an average daily volume of 71,672 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Zacks Research raised shares of Standard Bank Group to a “hold” rating in a research note on Friday, June 12th. HSBC cut Standard Bank Group to a “hold” rating in a report on Monday, May 4th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Standard Bank Group currently has a consensus rating of “Hold”.

Standard Bank Group Trading Up 1.4%

Standard Bank Group stock traded up $0.29 during midday trading on Thursday, reaching $20.35. The stock had a trading volume of 3,559 shares, compared to its average volume of 51,590. The firm’s fifty day simple moving average is $19.74 and its two-hundred day simple moving average is $19.26. Standard Bank Group has a twelve month low of $13.51 and a twelve month high of $20.74.

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.