Sanlam Limited (OTCMKTS:SLLDY) Short Interest Update

Sanlam Limited (OTCMKTS:SLLDY – Get Rating) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 8,400 shares, a drop of 58.0% from the April 30th total of 20,000 shares. Based on an average daily volume of 47,100 shares, the short-interest ratio is currently 0.2 days.

Sanlam Price Performance

SLLDY traded down C$0.14 during trading on Friday, reaching C$5.25. 19,361 shares of the stock traded hands, compared to its average volume of 28,201. Sanlam has a fifty-two week low of C$5.02 and a fifty-two week high of C$8.77. The stock’s 50-day simple moving average is C$5.98 and its two-hundred day simple moving average is C$6.13.

Sanlam Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, April 18th. Investors of record on Thursday, April 6th were given a dividend of $0.2821 per share. The ex-dividend date of this dividend was Wednesday, April 5th. This represents a yield of 4.69%. Sanlam’s payout ratio is 3.09%.

About Sanlam

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Sanlam Ltd. engages in the provision of financial solutions to individual and institutional clients. Its solutions include individual, group and short-term insurance, personal financial services such as estate planning, trusts, wills, personal loans, health management, savings and linked products. The company operates through five clusters: Sanlam Personal Finance, Sanlam Emerging Markets, Sanlam Investments, Santam and Corporate and Other.