Standard Bank Group Limited (OTCMKTS:SGBLY) Stock Short Interest Declines 53.3%

Standard Bank Group Limited (OTCMKTS:SGBLY) was the target of a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 5,964 shares, a decrease of 53.3% from the October 15th total of 12,772 shares. Based on an average daily volume of 84,511 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Standard Bank Group Trading Down 2.2%

SGBLY stock traded down $0.41 during trading on Friday, hitting $18.14. 25,092 shares of the stock traded hands, compared to its average volume of 48,080. Standard Bank Group has a one year low of $15.21 and a one year high of $20.74. The company has a 50 day simple moving average of $18.61 and a 200 day simple moving average of $19.15.

Standard Bank Group Company Profile

Standard Bank Group Limited is a South African financial services group headquartered in Johannesburg. Through its banking and related businesses, the company provides financial solutions to individuals, businesses, institutions and governments. The group’s activities include personal and business banking, corporate and investment banking, wealth management, lending, payments, transaction services, and financial markets services. It also offers digital banking solutions and selected insurance and investment products through its broader financial services operations.