Standard Chartered PLC (OTCMKTS:SCBFY) Short Interest Update

Standard Chartered PLC (OTCMKTS:SCBFY) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 24,666 shares, a drop of 43.9% from the June 15th total of 43,966 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 275,930 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Standard Chartered from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Standard Chartered Trading Down 1.2%

SCBFY stock opened at $56.79 on Friday. Standard Chartered has a 52-week low of $34.97 and a 52-week high of $58.20. The business has a 50-day simple moving average of $53.97 and a two-hundred day simple moving average of $50.01.

Standard Chartered Company Profile

Standard Chartered PLC is a leading international banking group headquartered in London, with a heritage dating back to the 19th century. The bank was formed in 1969 through the merger of Standard Bank of British South Africa and Chartered Bank of India, Australia and China, combining deep roots in emerging markets with a global footprint. Over more than 150 years of operations, Standard Chartered has built a reputation for expertise in trade finance, corporate banking and cross-border transactions.

The company offers a broad range of financial products and services, including corporate and institutional banking, retail banking, wealth management, treasury and capital markets solutions.