Standard Bank Group Limited (OTCMKTS:SGBLY) Short Interest Down 86.7% in January

Standard Bank Group Limited (OTCMKTS:SGBLY) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 16,301 shares, a drop of 86.7% from the December 31st total of 123,004 shares. Based on an average daily trading volume, of 59,854 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 59,854 shares, the short-interest ratio is currently 0.3 days.

Analyst Ratings Changes

A number of brokerages recently issued reports on SGBLY. Investec cut Standard Bank Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 21st. The Goldman Sachs Group assumed coverage on shares of Standard Bank Group in a report on Thursday, November 13th. They issued a “neutral” rating for the company. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Standard Bank Group Price Performance

SGBLY stock opened at $18.75 on Thursday. The firm has a 50 day simple moving average of $17.03 and a two-hundred day simple moving average of $15.14. Standard Bank Group has a one year low of $10.55 and a one year high of $19.25.

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.