FirstRand Limited (OTCMKTS:FANDF) Sees Large Decrease in Short Interest

FirstRand Limited (OTCMKTS:FANDF) saw a significant decrease in short interest in September. As of September 30th, there was short interest totaling 20,395 shares, a decrease of 45.1% from the September 15th total of 37,156 shares. Based on an average trading volume of 10 shares, the days-to-cover ratio is currently 2,039.5 days.

FirstRand Price Performance

Shares of FANDF stock opened at $5.21 on Friday. The stock has a fifty day moving average of $5.71 and a 200 day moving average of $5.56. FirstRand has a 52 week low of $4.64 and a 52 week high of $6.01.

FirstRand Company Profile

FirstRand Limited is a South African financial services group headquartered in Johannesburg. Listed on the Johannesburg Stock Exchange, the group provides banking, lending, investment, insurance-related and wealth-management services through a portfolio of financial brands.

Its principal businesses include First National Bank (FNB), which offers personal, business and commercial banking products; Rand Merchant Bank (RMB), which provides corporate and investment banking, advisory, financing and markets services; and WesBank, which specializes in vehicle and asset finance.