Short Interest in Standard Chartered PLC (OTCMKTS:SCBFY) Expands By 240.9%

Standard Chartered PLC (OTCMKTS:SCBFY) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 24,075 shares, a growth of 240.9% from the July 15th total of 7,063 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 339,557 shares, the days-to-cover ratio is currently 0.1 days.

Standard Chartered Stock Up 0.1%

Shares of Standard Chartered stock traded up $0.06 during trading hours on Friday, reaching $60.42. 115,767 shares of the company were exchanged, compared to its average volume of 199,836. Standard Chartered has a 1 year low of $34.97 and a 1 year high of $60.96. The stock’s fifty day moving average is $56.11 and its 200 day moving average is $51.18.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Standard Chartered from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

About Standard Chartered

Standard Chartered PLC is a leading international banking group headquartered in London, with a heritage dating back to the 19th century. The bank was formed in 1969 through the merger of Standard Bank of British South Africa and Chartered Bank of India, Australia and China, combining deep roots in emerging markets with a global footprint. Over more than 150 years of operations, Standard Chartered has built a reputation for expertise in trade finance, corporate banking and cross-border transactions.

The company offers a broad range of financial products and services, including corporate and institutional banking, retail banking, wealth management, treasury and capital markets solutions.