Sanlam Limited (OTCMKTS:SLLDY) Shares Shorted: Short Interest Down 78.1% in September

Sanlam Limited (OTCMKTS:SLLDY) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 15,340 shares, a drop of 78.1% from the August 31st total of 69,981 shares. Based on an average daily trading volume, of 161,019 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Sanlam from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Sanlam Stock Performance

Shares of Sanlam stock opened at C$9.97 on Friday. The stock’s 50-day simple moving average is C$10.55 and its 200-day simple moving average is C$10.70. Sanlam has a 52 week low of C$9.48 and a 52 week high of C$13.68.

About Sanlam

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.