Short Interest in Quilter plc (OTCMKTS:QUILF) Drops By 43.0%

Quilter plc (OTCMKTS:QUILF) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 245,512 shares, a drop of 43.0% from the May 31st total of 431,025 shares. Based on an average daily trading volume, of 18 shares, the short-interest ratio is currently 13,639.6 days.

Quilter Stock Performance

Shares of QUILF opened at $2.58 on Wednesday. Quilter has a 52 week low of $1.85 and a 52 week high of $2.75. The firm’s 50-day simple moving average is $2.69 and its 200 day simple moving average is $2.73.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on QUILF shares. Royal Bank Of Canada restated an “outperform” rating on shares of Quilter in a research note on Thursday, May 28th. Citigroup reissued a “neutral” rating on shares of Quilter in a research report on Thursday, April 16th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Quilter Company Profile

Quilter (OTCMKTS:QUILF) is a UK-based wealth management company that provides a comprehensive suite of financial planning and investment solutions to private clients, financial advisers and intermediaries. The company’s core activities include discretionary fund management, retirement planning, estate and tax planning, and advisory services. Quilter operates a multi–asset investment platform that enables clients to access a broad range of funds, model portfolios and bespoke investment strategies designed to meet diverse risk profiles and financial objectives.

Established as part of the Old Mutual Group, Quilter was demerged and listed on the London Stock Exchange in June 2018, marking its emergence as an independent, publicly traded entity.