Standard Bank Group Limited (OTCMKTS:SGBLY) Sees Large Growth in Short Interest

Standard Bank Group Limited (OTCMKTS:SGBLY) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 35,500 shares, an increase of 51.7% from the February 13th total of 23,400 shares. Based on an average daily volume of 68,200 shares, the days-to-cover ratio is presently 0.5 days.

Standard Bank Group Stock Performance

Shares of SGBLY stock traded up $0.60 during trading on Friday, hitting $13.22. 34,272 shares of the company were exchanged, compared to its average volume of 47,969. The business’s 50-day simple moving average is $11.95 and its 200 day simple moving average is $12.84. Standard Bank Group has a twelve month low of $8.69 and a twelve month high of $14.68.

Standard Bank Group Company Profile

Standard Bank Group Limited provides banking and financial products and services in South Africa and internationally. It offers transactional accounts and digital banking platforms; personal and business lending solutions to enhance cash flow; finance for buying, building, and maintaining home; foreign exchange services; trusts and third-party administration accounts; workplace solutions, such as payroll and HR, financial planning, and employer value banking; merchant solutions, including point-of-sale, ecommerce, digital payments, payment processing, and small business support; and cash management services.