Standard Chartered PLC (OTCMKTS:SCBFF) Sees Significant Drop in Short Interest

Standard Chartered PLC (OTCMKTS:SCBFF) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 132,100 shares, a drop of 28.1% from the September 30th total of 183,700 shares. Based on an average trading volume of 4,400 shares, the days-to-cover ratio is currently 30.0 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 4,400 shares, the days-to-cover ratio is currently 30.0 days.

Standard Chartered Price Performance

Standard Chartered stock traded up $0.07 during trading hours on Monday, reaching $20.50. The stock had a trading volume of 4,756 shares, compared to its average volume of 21,993. The company has a fifty day simple moving average of $19.15 and a 200-day simple moving average of $17.31. Standard Chartered has a 52 week low of $10.65 and a 52 week high of $20.65. The stock has a market cap of $47.84 billion, a PE ratio of 11.33 and a beta of 0.74.

Standard Chartered (OTCMKTS:SCBFF) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. The company had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $4.97 billion. Standard Chartered had a net margin of 12.27% and a return on equity of 10.73%. Research analysts predict that Standard Chartered will post 1.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Citigroup reissued a “neutral” rating on shares of Standard Chartered in a research note on Monday, September 22nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Standard Chartered currently has a consensus rating of “Hold”.

About Standard Chartered

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas. The company operates in three segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures.