Short Interest in Suncorp Group Limited (OTCMKTS:SNMCY) Decreases By 80.5%

Suncorp Group Limited (OTCMKTS:SNMCY) saw a large decrease in short interest in July. As of July 31st, there was short interest totaling 25,043 shares, a decrease of 80.5% from the July 15th total of 128,723 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 103,485 shares, the days-to-cover ratio is currently 0.2 days.

Suncorp Group Stock Up 2.7%

Shares of Suncorp Group stock traded up $0.36 during trading hours on Thursday, reaching $13.93. The company’s stock had a trading volume of 9,535 shares, compared to its average volume of 99,065. Suncorp Group has a one year low of $9.43 and a one year high of $15.25. The stock’s fifty day simple moving average is $13.26 and its two-hundred day simple moving average is $12.26.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Suncorp Group to a “strong sell” rating in a research report on Thursday, July 2nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

About Suncorp Group

Suncorp Group is a leading Australian financial services company headquartered in Brisbane, Queensland. The group offers a comprehensive range of insurance, banking and wealth management products to personal, small business and corporate clients. Operating across Australia and New Zealand, Suncorp serves its customers through a network of branches, digital platforms and partnerships with brokers and agents.

The company’s core insurance business provides general insurance cover for motor, home, commercial and specialty lines.