Standard Chartered PLC (OTCMKTS:SCBFY) Stock Short Interest Falls 34.9%

Standard Chartered PLC (OTCMKTS:SCBFY) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 78,123 shares, a decline of 34.9% from the September 15th total of 120,031 shares. Based on an average daily volume of 213,685 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of Standard Chartered from a “hold” rating to a “strong sell” rating in a research note on Tuesday. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, Standard Chartered currently has a consensus rating of “Sell”.

Standard Chartered Stock Up 1.8%

Shares of Standard Chartered stock opened at $56.79 on Friday. Standard Chartered has a 1 year low of $37.32 and a 1 year high of $63.15. The stock has a fifty day moving average price of $60.04 and a 200-day moving average price of $55.17.

About Standard Chartered

Standard Chartered PLC is an international banking group headquartered in London, with a strong focus on markets across Asia, Africa and the Middle East. The group serves individuals, businesses, financial institutions and governments through operations spanning a broad network of developed and emerging economies.

The company provides corporate and institutional banking, commercial banking, retail banking, private banking and wealth management services. Its offerings include lending, deposits, transaction banking, trade finance, cash management, foreign exchange, capital markets, investment banking, investment management and digital banking solutions.