Standard Bank Group Limited (OTCMKTS:SGBLY) Shares Shorted: Short Interest Down 86.3% in September

Standard Bank Group Limited (OTCMKTS:SGBLY) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 2,455 shares, a decline of 86.3% from the September 15th total of 17,972 shares. Based on an average daily trading volume, of 73,287 shares, the days-to-cover ratio is currently 0.0 days.

Standard Bank Group Price Performance

Standard Bank Group stock traded up $0.10 during trading hours on Friday, hitting $17.82. 65,031 shares of the stock were exchanged, compared to its average volume of 41,578. The business’s 50-day moving average is $19.44 and its two-hundred day moving average is $19.31. Standard Bank Group has a 12 month low of $14.30 and a 12 month high of $20.74.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Standard Bank Group to a “hold” rating in a research note on Friday, June 12th. Four analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Standard Bank Group Company Profile

Standard Bank Group Limited is a South African financial services organization headquartered in Johannesburg. Established in 1862 as The Standard Bank of British South Africa, the group has developed into a major banking and financial services provider focused primarily on Africa.

Through its personal and business banking operations, Standard Bank provides deposit accounts, payments, lending, credit cards, digital banking, insurance and other financial products to individuals, small businesses and commercial customers.