Short Interest in Sanlam Limited (OTCMKTS:SLLDY) Expands By 573.9%

Sanlam Limited (OTCMKTS:SLLDY) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 15,500 shares, an increase of 573.9% from the November 30th total of 2,300 shares. Based on an average daily volume of 27,400 shares, the short-interest ratio is currently 0.6 days.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded Sanlam to a “hold” rating in a report on Thursday, October 3rd.

Sanlam Trading Down 2.5 %

Shares of SLLDY stock traded down C$0.24 on Thursday, reaching C$9.32. 26,499 shares of the stock were exchanged, compared to its average volume of 14,532. Sanlam has a 1-year low of C$6.60 and a 1-year high of C$10.46. The firm has a 50 day moving average of C$9.95 and a two-hundred day moving average of C$9.53.

About Sanlam

Sanlam Limited provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, and internationally. The company operates through Sanlam Life and Savings, Sanlam Emerging Markets, Sanlam Investment Group, and Santam segments. It offers life, disability, severe illness, income protection, cancer, funeral, credit life, medical aid, gap cover, vehicle, house contents, buildings, all risk, buy and sell, business debt, key person, and group risk benefits insurance, as well as commercial insurance products consisting of office contents, theft, glass, personal accident, goods in transit, machinery breakdown, fire, business interruption, money, deterioration of stock, accidental damage, public liability, and electronic equipment.