Short Interest in Standard Chartered PLC (OTCMKTS:SCBFF) Drops By 29.1%

Standard Chartered PLC (OTCMKTS:SCBFF) was the target of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 66,300 shares, a decrease of 29.1% from the January 15th total of 93,500 shares. Based on an average trading volume of 3,800 shares, the short-interest ratio is currently 17.4 days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded shares of Standard Chartered from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 3rd.

Standard Chartered Stock Performance

Shares of OTCMKTS SCBFF opened at $14.31 on Friday. The company’s fifty day moving average price is $12.71 and its 200 day moving average price is $11.33. Standard Chartered has a 1 year low of $7.18 and a 1 year high of $14.31. The company has a market capitalization of $35.13 billion, a PE ratio of 12.89 and a beta of 0.75. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.84 and a current ratio of 0.84.

About Standard Chartered

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas. The company operates in three segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures.