Abrdn PLC Unsponsored ADR (OTCMKTS:SLFPY) Sees Large Decline in Short Interest

Abrdn PLC Unsponsored ADR (OTCMKTS:SLFPY) was the recipient of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 1,789 shares, a decline of 53.9% from the February 12th total of 3,883 shares. Based on an average daily volume of 4,838 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 4,838 shares, the short-interest ratio is currently 0.4 days.

Abrdn Stock Up 1.4%

SLFPY opened at $11.35 on Friday. The company has a fifty day moving average price of $11.70 and a two-hundred day moving average price of $11.05. Abrdn has a 52 week low of $6.36 and a 52 week high of $12.63.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets upgraded Abrdn to a “hold” rating in a research report on Thursday, December 4th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

About Abrdn

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.