Short Interest in Standard Chartered PLC (OTCMKTS:SCBFY) Expands By 240.9%

Standard Chartered PLC (OTCMKTS:SCBFY) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 24,075 shares, a growth of 240.9% from the July 15th total of 7,063 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 339,557 shares, the days-to-cover ratio is currently 0.1 days.

Standard Chartered Stock Down 0.3%

Shares of SCBFY stock traded down $0.15 during trading hours on Thursday, reaching $60.12. 12,313 shares of the stock were exchanged, compared to its average volume of 200,227. The business’s fifty day moving average is $55.98 and its two-hundred day moving average is $51.11. Standard Chartered has a 12-month low of $34.97 and a 12-month high of $60.96.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Standard Chartered from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

About Standard Chartered

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.