Short Interest in Abrdn PLC Unsponsored ADR (OTCMKTS:SLFPY) Increases By 238.1%

Abrdn PLC Unsponsored ADR (OTCMKTS:SLFPY) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 3,902 shares, an increase of 238.1% from the December 31st total of 1,154 shares. Based on an average daily trading volume, of 2,018 shares, the short-interest ratio is currently 1.9 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 2,018 shares, the short-interest ratio is currently 1.9 days.

Analysts Set New Price Targets

Separately, Kepler Capital Markets raised Abrdn to a “hold” rating in a research note on Thursday, December 4th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Abrdn presently has an average rating of “Hold”.

Abrdn Stock Performance

Shares of OTCMKTS:SLFPY opened at $12.63 on Wednesday. The stock’s 50-day moving average is $10.97 and its 200 day moving average is $10.83. Abrdn has a 1 year low of $6.36 and a 1 year high of $12.63.

About Abrdn

Abrdn plc is a global investment management company headquartered in Edinburgh, Scotland. Operating under the ticker OTCMKTS:SLFPY in the over-the-counter market, the firm delivers a broad range of financial products and services to institutional, wholesale and retail clients. Its offerings span equity, fixed income, multi-asset, real estate and private markets, with a focus on active management and thematic investing strategies.

The company’s core business activities include the management of pooled and segregated funds, advisory services and model portfolio solutions.