Suncorp Group Limited (OTCMKTS:SNMCY) Short Interest Up 289.5% in January

Suncorp Group Limited (OTCMKTS:SNMCYGet Free Report) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 20,905 shares, an increase of 289.5% from the January 15th total of 5,367 shares. Based on an average trading volume of 31,970 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 31,970 shares, the days-to-cover ratio is presently 0.7 days.

Suncorp Group Trading Down 5.8%

SNMCY stock opened at $11.30 on Wednesday. The business’s 50-day moving average is $11.74 and its 200 day moving average is $12.91. Suncorp Group has a 12-month low of $9.00 and a 12-month high of $15.25.

About Suncorp Group

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Suncorp Group is a leading Australian financial services company headquartered in Brisbane, Queensland. The group offers a comprehensive range of insurance, banking and wealth management products to personal, small business and corporate clients. Operating across Australia and New Zealand, Suncorp serves its customers through a network of branches, digital platforms and partnerships with brokers and agents.

The company’s core insurance business provides general insurance cover for motor, home, commercial and specialty lines.

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