Standard Chartered PLC (OTCMKTS:SCBFF) Short Interest Update

Standard Chartered PLC (OTCMKTS:SCBFF) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 210,583 shares, a growth of 21.1% from the January 15th total of 173,937 shares. Based on an average daily trading volume, of 10,992 shares, the days-to-cover ratio is currently 19.2 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 10,992 shares, the days-to-cover ratio is currently 19.2 days.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SCBFF. Zacks Research lowered Standard Chartered from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a research note on Friday, January 9th. Morgan Stanley reiterated an “overweight” rating on shares of Standard Chartered in a report on Wednesday, January 14th. Finally, The Goldman Sachs Group raised shares of Standard Chartered from a “hold” rating to a “buy” rating in a report on Thursday, December 11th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Standard Chartered currently has a consensus rating of “Moderate Buy”.

Standard Chartered Stock Up 0.8%

Shares of SCBFF stock opened at $24.30 on Thursday. The company has a market capitalization of $55.23 billion, a price-to-earnings ratio of 12.92 and a beta of 0.52. Standard Chartered has a 12-month low of $10.65 and a 12-month high of $26.45. The firm has a fifty day moving average of $24.52 and a 200-day moving average of $21.38.

Standard Chartered Company Profile

Standard Chartered plc is a British multinational banking and financial services company headquartered in London. The firm traces its modern form to the 1969 merger of the Chartered Bank of India, Australia and China (founded in 1853) and Standard Bank of British South Africa (founded in 1862), creating an international bank with deep historical roots in trade finance and cross-border banking. Standard Chartered maintains a global footprint and a long-standing focus on facilitating trade and capital flows between developed and emerging markets.

Standard Chartered provides a broad range of banking and financial services for corporate, institutional and individual clients.