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

Standard Chartered PLC (OTCMKTS:SCBFF) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 82,000 shares, an increase of 105.5% from the February 28th total of 39,900 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 6,300 shares, the days-to-cover ratio is presently 13.0 days.

Standard Chartered Trading Up 2.8 %

SCBFF traded up $0.40 during trading hours on Friday, reaching $14.75. The company’s stock had a trading volume of 4,461 shares, compared to its average volume of 6,317. The stock has a market cap of $36.21 billion, a PE ratio of 13.29 and a beta of 0.67. Standard Chartered has a fifty-two week low of $7.70 and a fifty-two week high of $16.43. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.84 and a quick ratio of 0.84. The business’s 50-day moving average is $14.38 and its 200-day moving average is $12.48.

Standard Chartered (OTCMKTS:SCBFF) last announced its quarterly earnings results on Friday, February 21st. The company reported $0.28 EPS for the quarter. The business had revenue of $4.80 billion for the quarter. Standard Chartered had a return on equity of 8.80% and a net margin of 8.56%. As a group, equities research analysts predict that Standard Chartered will post 1.66 earnings per share for the current fiscal year.

Standard Chartered Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, May 19th. Shareholders of record on Friday, March 28th will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, March 27th. This is a boost from Standard Chartered’s previous dividend of $0.09. Standard Chartered’s dividend payout ratio (DPR) is currently 40.88%.

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.