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

Standard Bank Group Limited (OTCMKTS:SGBLYGet Free Report) 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

(Get Free Report)

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.

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