Standard Chartered PLC (OTCMKTS:SCBFY) Short Interest Down 86.2% in June

Standard Chartered PLC (OTCMKTS:SCBFY) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 43,966 shares, a drop of 86.2% from the May 31st total of 319,713 shares. Based on an average daily trading volume, of 641,372 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Standard Chartered to a “hold” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Standard Chartered presently has an average rating of “Hold”.

Standard Chartered Stock Performance

SCBFY stock traded down $0.44 during trading on Friday, hitting $53.84. The company had a trading volume of 43,201 shares, compared to its average volume of 213,483. The business has a 50 day moving average of $51.78 and a 200 day moving average of $49.06. Standard Chartered has a fifty-two week low of $32.35 and a fifty-two week high of $56.59.

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.