Standard Chartered PLC (OTCMKTS:SCBFY) Short Interest Up 473.4% in May

Standard Chartered PLC (OTCMKTS:SCBFY) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 319,713 shares, a growth of 473.4% from the May 14th total of 55,760 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 571,579 shares, the short-interest ratio is presently 0.6 days.

Standard Chartered Price Performance

OTCMKTS:SCBFY traded up $1.88 on Thursday, hitting $49.53. The company had a trading volume of 80,574 shares, compared to its average volume of 211,261. The firm has a 50 day moving average of $49.78 and a two-hundred day moving average of $48.30. Standard Chartered has a 52 week low of $30.95 and a 52 week high of $56.59.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Standard Chartered to a “hold” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Standard Chartered currently has a consensus rating of “Hold”.

Standard Chartered Company Profile

Standard Chartered PLC is a leading international banking group headquartered in London, with a heritage dating back to the 19th century. The bank was formed in 1969 through the merger of Standard Bank of British South Africa and Chartered Bank of India, Australia and China, combining deep roots in emerging markets with a global footprint. Over more than 150 years of operations, Standard Chartered has built a reputation for expertise in trade finance, corporate banking and cross-border transactions.

The company offers a broad range of financial products and services, including corporate and institutional banking, retail banking, wealth management, treasury and capital markets solutions.