Abrdn PLC Unsponsored ADR (OTCMKTS:SLFPY) Short Interest Up 238.1% in January

Abrdn PLC Unsponsored ADR (OTCMKTS:SLFPY) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 3,902 shares, a growth of 238.1% from the December 31st total of 1,154 shares. Based on an average daily volume of 2,018 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 2,018 shares, the days-to-cover ratio is currently 1.9 days.

Analysts Set New Price Targets

Separately, Kepler Capital Markets upgraded shares of Abrdn to a “hold” rating in a research note on Thursday, December 4th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Abrdn Stock Performance

Shares of Abrdn stock opened at $11.99 on Thursday. The company’s 50 day moving average price is $11.01 and its two-hundred day moving average price is $10.84. Abrdn has a fifty-two week low of $6.36 and a fifty-two week high of $12.63.

Abrdn Company Profile

Abrdn plc is a global investment management company headquartered in Edinburgh, Scotland. Operating under the ticker OTCMKTS:SLFPY in the over-the-counter market, the firm delivers a broad range of financial products and services to institutional, wholesale and retail clients. Its offerings span equity, fixed income, multi-asset, real estate and private markets, with a focus on active management and thematic investing strategies.

The company’s core business activities include the management of pooled and segregated funds, advisory services and model portfolio solutions.