Standard Chartered PLC (OTCMKTS:SCBFY – Get Rating) saw a significant growth in short interest in May. As of May 15th, there was short interest totalling 80,100 shares, a growth of 184.0% from the April 30th total of 28,200 shares. Based on an average daily trading volume, of 406,700 shares, the short-interest ratio is presently 0.2 days.
Shares of SCBFY opened at $16.04 on Friday. Standard Chartered has a 1-year low of $10.88 and a 1-year high of $16.05. The company’s fifty day moving average price is $13.81 and its 200-day moving average price is $13.40.
SCBFY has been the subject of a number of recent research reports. Investec downgraded shares of Standard Chartered from a “buy” rating to a “hold” rating in a research note on Thursday, May 12th. JPMorgan Chase & Co. lifted their price target on shares of Standard Chartered from GBX 690 ($8.68) to GBX 730 ($9.19) in a report on Thursday, May 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Standard Chartered from GBX 620 ($7.80) to GBX 800 ($10.07) in a report on Tuesday, May 3rd. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $675.00.
Standard Chartered PLC, together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, Europe, the Americas, and the Middle East. The company operates through two segments: Corporate, Commercial and Institutional Banking; and Consumer, Private and Business Banking.
- Get a free copy of the StockNews.com research report on Standard Chartered (SCBFY)
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