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

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SGBLY. The Goldman Sachs Group began coverage on Standard Bank Group in a report on Thursday, November 13th. They set a “neutral” rating on the stock. Investec downgraded Standard Bank Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Standard Bank Group Stock Performance

OTCMKTS:SGBLY traded up $0.41 on Tuesday, hitting $18.99. The stock had a trading volume of 31,221 shares, compared to its average volume of 29,933. The company has a fifty day moving average price of $16.97 and a two-hundred day moving average price of $15.11. Standard Bank Group has a 1-year low of $10.55 and a 1-year high of $19.25.

About Standard Bank Group

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.