FirstRand Limited (OTCMKTS:FANDF – Get Free Report) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 757,608 shares, an increase of 212.8% from the May 31st total of 242,219 shares. Based on an average trading volume of 90,653 shares, the short-interest ratio is currently 8.4 days.
FirstRand Stock Performance
FANDF remained flat at $5.60 on Friday. The firm has a fifty day simple moving average of $5.47 and a 200-day simple moving average of $5.49. FirstRand has a 1 year low of $4.21 and a 1 year high of $6.01.
FirstRand Company Profile
FirstRand Limited is a South African financial services group headquartered in Johannesburg. Established in 1998 through the consolidation of First National Bank of South Africa and Rand Merchant Bank, the company has grown into one of the continent’s leading providers of banking and financial products. FirstRand operates a diversified financial-services platform that spans retail, commercial and corporate banking.
The group’s main operating divisions include First National Bank (FNB), which offers personal and small-business banking; Rand Merchant Bank (RMB), specializing in corporate and investment banking; WesBank, a provider of vehicle and asset finance; and Ashburton Investments, which delivers asset management and tailored investment solutions.
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