Short Interest in abrdn plc (OTCMKTS:SLFPY) Rises By 50.0%

abrdn plc (OTCMKTS:SLFPYGet Rating) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 2,400 shares, a growth of 50.0% from the March 15th total of 1,600 shares. Based on an average daily volume of 1,100 shares, the short-interest ratio is presently 2.2 days.

Separately, Zacks Investment Research raised shares of abrdn from a “sell” rating to a “hold” rating in a research note on Wednesday, February 2nd.

Shares of SLFPY opened at $10.24 on Friday. abrdn has a 1-year low of $9.25 and a 1-year high of $16.96. The firm’s 50-day moving average price is $11.25 and its 200-day moving average price is $12.68.

The firm also recently declared a dividend, which will be paid on Wednesday, June 8th. Investors of record on Friday, April 8th will be given a dividend of $0.3394 per share. The ex-dividend date is Thursday, April 7th. This represents a yield of 6.12%.

About abrdn (Get Rating)

abrdn plc provides asset management services in the United Kingdom, Europe, North America, and Asia. The company offers investment solutions and funds; long-term savings and investment products to individual and corporate customers; and life insurance and savings products. It provides its products through institutional, wholesale, and retail distribution channels.

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