Standard Chartered PLC (OTCMKTS:SCBFF) Short Interest Down 28.1% in October

Standard Chartered PLC (OTCMKTS:SCBFF) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 132,100 shares, a decline of 28.1% from the September 30th total of 183,700 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 4,400 shares, the days-to-cover ratio is currently 30.0 days. Based on an average daily volume of 4,400 shares, the days-to-cover ratio is currently 30.0 days. Currently, 0.0% of the company’s shares are short sold.

Standard Chartered Stock Up 2.6%

OTCMKTS SCBFF opened at $20.75 on Wednesday. The company has a market cap of $48.41 billion, a price-to-earnings ratio of 11.46 and a beta of 0.74. Standard Chartered has a 52 week low of $10.65 and a 52 week high of $20.80. The business has a 50 day moving average price of $19.22 and a 200-day moving average price of $17.41.

Standard Chartered (OTCMKTS:SCBFF) last announced its earnings results on Thursday, October 30th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.06. The company had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $4.97 billion. Standard Chartered had a return on equity of 10.73% and a net margin of 12.27%. On average, equities research analysts anticipate that Standard Chartered will post 1.66 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Citigroup restated a “neutral” rating on shares of Standard Chartered in a report on Monday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Standard Chartered Company Profile

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas. The company operates in three segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures.