Short Interest in Sanlam Limited (OTCMKTS:SLLDY) Expands By 157.1%

Sanlam Limited (OTCMKTS:SLLDY) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 19,028 shares, an increase of 157.1% from the April 30th total of 7,401 shares. Based on an average daily volume of 88,695 shares, the days-to-cover ratio is currently 0.2 days.

Sanlam Price Performance

SLLDY opened at C$10.65 on Friday. Sanlam has a 52 week low of C$9.38 and a 52 week high of C$13.68. The business’s fifty day simple moving average is C$10.71 and its 200 day simple moving average is C$11.55.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Sanlam to a “hold” rating in a report on Thursday, April 9th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Sanlam Company Profile

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.