Suncorp Group Limited (OTCMKTS:SNMYF) Sees Large Decline in Short Interest

Suncorp Group Limited (OTCMKTS:SNMYF) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 1,412,200 shares, a drop of 30.7% from the December 15th total of 2,038,100 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 14,122.0 days.

Suncorp Group Price Performance

SNMYF remained flat at $10.84 on Friday. The company had a trading volume of 12,810 shares, compared to its average volume of 2,437. The business has a fifty day moving average price of $11.56 and a 200-day moving average price of $11.64. Suncorp Group has a 1 year low of $9.32 and a 1 year high of $13.59.

About Suncorp Group

Suncorp Group Limited provides insurance and banking products and services to retail, corporate, and commercial customers in Australia and New Zealand. The company operates through Insurance (Australia), Suncorp Bank, and Suncorp New Zealand segments. The Insurance (Australia) segment provides general insurance products and services, including home and contents, motor, marine, travel, commercial property, industrial special risk, public liability and professional indemnity, workers' compensation, and compulsory third-party products, as well as distributes life insurance products.