Short Interest in Suncorp Group Limited (OTCMKTS:SNMCY) Rises By 105.0%

Suncorp Group Limited (OTCMKTS:SNMCY) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 13,371 shares, an increase of 105.0% from the February 12th total of 6,522 shares. Based on an average trading volume of 32,997 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 32,997 shares, the days-to-cover ratio is presently 0.4 days.

Suncorp Group Trading Up 7.5%

SNMCY stock opened at $10.61 on Thursday. The business has a 50-day simple moving average of $11.41 and a two-hundred day simple moving average of $12.50. Suncorp Group has a 52-week low of $9.00 and a 52-week high of $15.25.

Suncorp Group Company Profile

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.