Sanlam Limited (OTCMKTS:SLLDY – Get Free Report) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 23,568 shares, an increase of 222.4% from the November 30th total of 7,311 shares. Based on an average daily volume of 30,230 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 30,230 shares, the days-to-cover ratio is presently 0.8 days.
Sanlam Price Performance
Shares of SLLDY stock opened at C$11.86 on Friday. Sanlam has a one year low of C$7.19 and a one year high of C$12.05. The company’s 50-day moving average is C$11.04 and its 200 day moving average is C$10.34.
About Sanlam
Sanlam Limited (OTCMKTS:SLLDY) is a South African financial services group offering a broad array of insurance, investment and wealth management solutions. Headquartered in Bellville, Cape Town, the company provides life and health insurance, general insurance products, retirement planning and savings vehicles to individual and corporate clients. Through its network of advisors and digital platforms, Sanlam seeks to deliver tailored financial planning, estate planning, risk cover and wealth preservation services across multiple market segments.
Founded in 1918 as the South African Life Assurance and Investment Society, Sanlam has grown into one of the continent’s largest insurers.
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