Suncorp Group Limited (OTCMKTS:SNMCY – Get Rating) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 5,500 shares, a decline of 69.3% from the April 30th total of 17,900 shares. Based on an average trading volume of 16,000 shares, the short-interest ratio is currently 0.3 days.
Suncorp Group stock traded down $0.10 on Thursday, reaching $8.60. 3,188 shares of the stock were exchanged, compared to its average volume of 5,001. Suncorp Group has a twelve month low of $7.35 and a twelve month high of $9.82. The firm has a fifty day moving average price of $8.28 and a two-hundred day moving average price of $8.16.
Separately, JPMorgan Chase & Co. raised shares of Suncorp Group from a “neutral” rating to an “overweight” rating in a research report on Monday, May 9th.
Suncorp Group Limited provides insurance, banking, and wealth products and services to retail, corporate, and commercial sectors in Australia and New Zealand. It operates through three segments: Insurance, Banking & Wealth, and Suncorp New Zealand segments. The Insurance segment designs, manufactures, and delivers 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.
- Get a free copy of the StockNews.com research report on Suncorp Group (SNMCY)
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