Standard Bank Group Limited (OTCMKTS:SGBLY) Sees Significant Decrease in Short Interest

Standard Bank Group Limited (OTCMKTS:SGBLY) saw a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 23,400 shares, a drop of 41.2% from the January 31st total of 39,800 shares. Based on an average daily volume of 98,000 shares, the days-to-cover ratio is currently 0.2 days.

Standard Bank Group Stock Down 3.3 %

OTCMKTS:SGBLY opened at $11.69 on Monday. The company has a 50 day simple moving average of $11.87 and a two-hundred day simple moving average of $12.91. Standard Bank Group has a 12 month low of $8.69 and a 12 month high of $14.68.

About Standard Bank Group

Standard Bank Group Limited provides banking and financial products and services in South Africa and internationally. It offers transactional accounts and digital banking platforms; personal and business lending solutions to enhance cash flow; finance for buying, building, and maintaining home; foreign exchange services; trusts and third-party administration accounts; workplace solutions, such as payroll and HR, financial planning, and employer value banking; merchant solutions, including point-of-sale, ecommerce, digital payments, payment processing, and small business support; and cash management services.