Standard Bank Group Limited (OTCMKTS:SGBLY) Short Interest Update

Standard Bank Group Limited (OTCMKTS:SGBLY) was the recipient of a significant increase in short interest in January. As of January 30th, there was short interest totaling 72,058 shares, an increase of 342.0% from the January 15th total of 16,301 shares. Based on an average daily volume of 69,106 shares, the short-interest ratio is presently 1.0 days. Based on an average daily volume of 69,106 shares, the short-interest ratio is presently 1.0 days.

Standard Bank Group Stock Up 0.9%

OTCMKTS SGBLY opened at $19.68 on Wednesday. Standard Bank Group has a 1-year low of $10.55 and a 1-year high of $19.84. The business’s 50-day simple moving average is $17.70 and its 200-day simple moving average is $15.56.

Analyst Ratings Changes

SGBLY has been the topic of several recent analyst reports. Investec lowered shares of Standard Bank Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 21st. The Goldman Sachs Group started coverage on Standard Bank Group in a report on Thursday, November 13th. They set a “neutral” rating on the stock. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Standard Bank Group presently has an average rating of “Hold”.

Standard Bank Group Company Profile

Standard Bank Group Limited is a South African financial services conglomerate headquartered in Johannesburg, offering a comprehensive range of banking and related services. Established in 1862, the group has grown to become one of Africa’s largest banks, serving individuals, small and medium-sized enterprises, and large corporations. Its core activities encompass personal and business banking, corporate and investment banking, wealth management, and insurance.

Within its personal and business banking division, Standard Bank provides transactional accounts, savings and deposits, mortgage lending, vehicle and asset finance, as well as payment solutions and digital banking platforms.