FirstRand Limited (OTCMKTS:FANDF) Sees Significant Decrease in Short Interest

FirstRand Limited (OTCMKTS:FANDFGet Rating) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totalling 100 shares, a drop of 99.9% from the March 15th total of 77,000 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Separately, Citigroup raised shares of FirstRand from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 9th.

OTCMKTS FANDF remained flat at $$4.07 during trading hours on Wednesday. FirstRand has a 52-week low of $3.49 and a 52-week high of $4.60. The firm has a 50 day moving average price of $4.07 and a two-hundred day moving average price of $3.95.

About FirstRand (Get Rating)

FirstRand Limited, together with its subsidiaries, provides banking, transactional, lending, insurance, and investment products and services to retail, commercial, corporate, and public sector customers primarily in South Africa, rest of Africa, and the United Kingdom. The company offers personal loans and short-term insurance; asset and invoice finance, as well as SME commercial, residential, and buy-to-let mortgages; and vehicle finance, installment credit and fleet management, and corporate and investment banking services.

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