Standard Chartered PLC (OTCMKTS:SCBFF) Short Interest Up 143.6% in June

Standard Chartered PLC (OTCMKTS:SCBFF) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 896,609 shares, a growth of 143.6% from the May 31st total of 368,136 shares. Based on an average daily volume of 41,915 shares, the days-to-cover ratio is presently 21.4 days. Approximately 0.0% of the shares of the company are short sold.

Standard Chartered Stock Performance

OTCMKTS SCBFF remained flat at $26.33 on Monday. The company’s stock had a trading volume of 1,183 shares, compared to its average volume of 13,333. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.82 and a quick ratio of 0.82. Standard Chartered has a one year low of $15.91 and a one year high of $27.77. The firm has a fifty day simple moving average of $25.51 and a two-hundred day simple moving average of $24.14. The company has a market cap of $59.85 billion, a PE ratio of 12.84 and a beta of 0.68.

Standard Chartered (OTCMKTS:SCBFF) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.18. The firm had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $5.58 billion. Standard Chartered had a net margin of 13.63% and a return on equity of 11.07%. Equities research analysts forecast that Standard Chartered will post 2.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SCBFF shares. Citigroup reissued a “neutral” rating on shares of Standard Chartered in a report on Friday, May 1st. Keefe, Bruyette & Woods raised shares of Standard Chartered from a “moderate sell” rating to a “hold” rating in a report on Wednesday, May 6th. BNP Paribas Exane raised Standard Chartered to an “outperform” rating in a research note on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft raised shares of Standard Chartered from a “hold” rating to a “buy” rating in a report on Tuesday, June 23rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Standard Chartered in a research note on Wednesday, May 13th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Standard Chartered currently has an average rating of “Moderate Buy”.

Standard Chartered Company Profile

Standard Chartered plc is a British multinational banking and financial services company headquartered in London. The firm traces its modern form to the 1969 merger of the Chartered Bank of India, Australia and China (founded in 1853) and Standard Bank of British South Africa (founded in 1862), creating an international bank with deep historical roots in trade finance and cross-border banking. Standard Chartered maintains a global footprint and a long-standing focus on facilitating trade and capital flows between developed and emerging markets.

Standard Chartered provides a broad range of banking and financial services for corporate, institutional and individual clients.