Old Mutual Limited (OTCMKTS:ODMUF) Sees Significant Growth in Short Interest

Old Mutual Limited (OTCMKTS:ODMUF) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 24,400 shares, an increase of 177.3% from the February 29th total of 8,800 shares. Based on an average daily trading volume, of 2,700 shares, the days-to-cover ratio is currently 9.0 days.

Old Mutual Stock Performance

Shares of ODMUF opened at $0.69 on Thursday. The business has a fifty day moving average of $0.66 and a 200 day moving average of $0.64. Old Mutual has a 52-week low of $0.59 and a 52-week high of $0.69.

About Old Mutual

Old Mutual Limited, together with its subsidiaries, provides financial services primarily in South Africa and rest of Africa. The company operates through Mass and Foundation Cluster, Personal Finance and Wealth Management, Old Mutual Investments, Old Mutual Corporate, Old Mutual Insure, and Old Mutual Africa Regions segments.