Standard Chartered PLC (OTCMKTS:SCBFY) Short Interest Update

Standard Chartered PLC (OTCMKTS:SCBFY) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 20,253 shares, a decrease of 61.9% from the August 15th total of 53,138 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 220,872 shares, the short-interest ratio is currently 0.1 days.

Standard Chartered Price Performance

Shares of Standard Chartered stock opened at $62.80 on Monday. The company’s 50-day moving average price is $58.97 and its 200-day moving average price is $52.61. Standard Chartered has a 12-month low of $37.32 and a 12-month high of $62.97.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Standard Chartered from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Standard Chartered currently has an average rating of “Hold”.

Standard Chartered Company Profile

Standard Chartered PLC is an international banking group headquartered in London, United Kingdom. Through its banking operations and subsidiaries, the company provides financial services to individuals, businesses, financial institutions and governments, with a particular focus on markets across Asia, Africa and the Middle East.

The company’s offerings include retail and affluent banking, wealth management, corporate and institutional banking, trade finance, transaction banking, foreign exchange, lending, cash management and investment banking services.