Short Interest in Sanlam Limited (OTCMKTS:SLLDY) Rises By 222.4%

Sanlam Limited (OTCMKTS:SLLDY) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 23,568 shares, a growth of 222.4% from the November 30th total of 7,311 shares. Based on an average trading volume of 30,230 shares, the days-to-cover ratio is presently 0.8 days. Based on an average trading volume of 30,230 shares, the days-to-cover ratio is presently 0.8 days.

Sanlam Price Performance

SLLDY opened at C$11.88 on Friday. Sanlam has a 12-month low of C$7.19 and a 12-month high of C$12.05. The firm has a 50 day moving average of C$11.07 and a two-hundred day moving average of C$10.35.

Sanlam Company Profile

Sanlam Limited (OTCMKTS:SLLDY) is a South African financial services group offering a broad array of insurance, investment and wealth management solutions. Headquartered in Bellville, Cape Town, the company provides life and health insurance, general insurance products, retirement planning and savings vehicles to individual and corporate clients. Through its network of advisors and digital platforms, Sanlam seeks to deliver tailored financial planning, estate planning, risk cover and wealth preservation services across multiple market segments.

Founded in 1918 as the South African Life Assurance and Investment Society, Sanlam has grown into one of the continent’s largest insurers.