Sanlam Limited (OTCMKTS:SLLDY – Get Free Report) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 33,486 shares, a growth of 141.3% from the September 30th total of 13,875 shares. Based on an average daily volume of 195,101 shares, the short-interest ratio is currently 0.2 days.
Sanlam Trading Up 0.7%
SLLDY stock opened at C$10.57 on Friday. Sanlam has a 1-year low of C$9.25 and a 1-year high of C$13.68. The firm has a fifty day moving average price of C$10.26 and a two-hundred day moving average price of C$11.02.
Analyst Ratings Changes
Separately, Zacks Research lowered shares of Sanlam from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 30th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Sanlam currently has a consensus rating of “Sell”.
Read Our Latest Stock Report on Sanlam
Sanlam Company Profile
Sanlam Limited is a South African financial services group that provides insurance, investments, retirement planning, wealth management and related financial solutions. Its products and services serve individuals, businesses and institutional clients, with offerings that include life and general insurance, asset management, financial planning, healthcare-related cover and banking services.
Founded in 1918, Sanlam has developed from a South African life-insurance provider into a diversified financial services organization.
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