Standard Bank Group Limited (OTCMKTS:SGBLY – Get Free Report) was the target of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 72,058 shares, an increase of 342.0% from the January 15th total of 16,301 shares. Based on an average trading volume of 69,106 shares, the days-to-cover ratio is currently 1.0 days. Based on an average trading volume of 69,106 shares, the days-to-cover ratio is currently 1.0 days.
Analysts Set New Price Targets
Several research firms have weighed in on SGBLY. The Goldman Sachs Group initiated coverage on Standard Bank Group in a research report on Thursday, November 13th. They set a “neutral” rating on the stock. Investec downgraded shares of Standard Bank Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.
View Our Latest Stock Analysis on Standard Bank Group
Standard Bank Group Price Performance
About Standard Bank Group
Standard Bank Group Limited is a South African financial services conglomerate headquartered in Johannesburg, offering a comprehensive range of banking and related services. Established in 1862, the group has grown to become one of Africa’s largest banks, serving individuals, small and medium-sized enterprises, and large corporations. Its core activities encompass personal and business banking, corporate and investment banking, wealth management, and insurance.
Within its personal and business banking division, Standard Bank provides transactional accounts, savings and deposits, mortgage lending, vehicle and asset finance, as well as payment solutions and digital banking platforms.
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