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

Standard Chartered PLC (OTCMKTS:SCBFF) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 173,937 shares, a growth of 19.9% from the December 31st total of 145,047 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 14,426 shares, the short-interest ratio is presently 12.1 days. Based on an average daily trading volume, of 14,426 shares, the short-interest ratio is presently 12.1 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group raised Standard Chartered from a “hold” rating to a “buy” rating in a report on Thursday, December 11th. Morgan Stanley reiterated an “overweight” rating on shares of Standard Chartered in a research report on Wednesday, January 14th. Zacks Research lowered Standard Chartered from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a research note on Friday, January 9th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Standard Chartered has an average rating of “Moderate Buy”.

Standard Chartered Stock Up 4.6%

Shares of OTCMKTS:SCBFF opened at $26.20 on Tuesday. The firm has a market cap of $59.56 billion, a P/E ratio of 13.93 and a beta of 0.52. Standard Chartered has a 12-month low of $10.65 and a 12-month high of $26.45. The business has a fifty day simple moving average of $23.89 and a 200 day simple moving average of $20.84.

About Standard Chartered

Standard Chartered plc is a British multinational banking and financial services company headquartered in London. The firm traces its modern form to the 1969 merger of the Chartered Bank of India, Australia and China (founded in 1853) and Standard Bank of British South Africa (founded in 1862), creating an international bank with deep historical roots in trade finance and cross-border banking. Standard Chartered maintains a global footprint and a long-standing focus on facilitating trade and capital flows between developed and emerging markets.

Standard Chartered provides a broad range of banking and financial services for corporate, institutional and individual clients.