Standard Chartered PLC (OTCMKTS:SCBFY) Short Interest Update

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.

About Standard Chartered (Get Rating)

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.

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