Sanlam Limited (OTCMKTS:SLLDY – Get Free Report) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 74,928 shares, a growth of 204.2% from the May 31st total of 24,630 shares. Based on an average daily trading volume, of 101,859 shares, the short-interest ratio is presently 0.7 days.
Analysts Set New Price Targets
Separately, Zacks Research upgraded Sanlam to a “hold” rating in a report on Thursday, April 9th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.
Check Out Our Latest Stock Report on Sanlam
Sanlam Price Performance
Sanlam Company Profile
Sanlam Limited (OTCMKTS:SLLDY) is a South African financial services group offering a broad array of insurance, investment and wealth management solutions. Headquartered in Bellville, Cape Town, the company provides life and health insurance, general insurance products, retirement planning and savings vehicles to individual and corporate clients. Through its network of advisors and digital platforms, Sanlam seeks to deliver tailored financial planning, estate planning, risk cover and wealth preservation services across multiple market segments.
Founded in 1918 as the South African Life Assurance and Investment Society, Sanlam has grown into one of the continent’s largest insurers.
Recommended Stories
- Five stocks we like better than Sanlam
- As Stablecoins Keep Growing, These 2 Stocks Benefit
- Apple Just Handed These 4 Memory Stocks Their Best News of the Year
- Costco’s Secret Growth Engine May Be Running Out of Gas
- Why Alphabet’s Pullback May Be an Opportunity in Disguise
Receive News & Ratings for Sanlam Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sanlam and related companies with MarketBeat.com's FREE daily email newsletter.
