Standard Bank Group Limited (OTCMKTS:SGBLY) Stock Short Interest Climbs 420.2%

Standard Bank Group Limited (OTCMKTS:SGBLY) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 12,772 shares, a growth of 420.2% from the September 30th total of 2,455 shares. Based on an average trading volume of 91,618 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Standard Bank Group Trading Up 1.2%

SGBLY stock traded up $0.21 during midday trading on Wednesday, hitting $18.38. The company’s stock had a trading volume of 3,743 shares, compared to its average volume of 48,298. The company has a 50 day moving average of $18.97 and a two-hundred day moving average of $19.12. Standard Bank Group has a 12 month low of $14.30 and a 12 month high of $20.74.

About Standard Bank Group

Standard Bank Group Limited is a South African financial services group headquartered in Johannesburg. Founded in 1862, the group operates through its banking and related financial-services businesses under the Standard Bank and Stanbic Bank brands.

The company provides personal and business banking services, including deposit accounts, lending, payments, cards, digital banking, and foreign-exchange services. It also offers wealth and investment solutions, insurance-related products, and corporate and investment banking services such as advisory, capital markets, transaction banking, and structured finance.

Standard Bank Group has a substantial presence across Africa, serving retail, commercial, corporate, institutional, and government clients in multiple African markets.