Standard Chartered PLC (OTCMKTS:SCBFY – Get Free Report) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 20,255 shares, a decline of 74.1% from the September 30th total of 78,123 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 208,337 shares, the days-to-cover ratio is currently 0.1 days.
Standard Chartered Trading Up 2.7%
OTCMKTS SCBFY opened at $56.91 on Friday. The firm’s 50 day moving average price is $58.92 and its 200-day moving average price is $53.25. Standard Chartered has a 52-week low of $40.19 and a 52-week high of $63.15.
Wall Street Analysts Forecast Growth
Separately, Zacks Research lowered shares of Standard Chartered from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 13th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.
Check Out Our Latest Research Report on SCBFY
About Standard Chartered
Standard Chartered PLC is an international banking group headquartered in London, United Kingdom. The company provides banking and financial services to individuals, businesses, institutions and governments, with a primary focus on markets across Asia, Africa and the Middle East, as well as operations in the United Kingdom and other global financial centers.
The group’s businesses include corporate and institutional banking, commercial banking, wealth management, private banking and retail banking.
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