Sanlam Limited (OTCMKTS:SLLDY) Short Interest Update

Sanlam Limited (OTCMKTS:SLLDY) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 7,401 shares, a decrease of 86.9% from the April 15th total of 56,325 shares. Based on an average trading volume of 90,223 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Sanlam to a “hold” rating in a research note on Thursday, April 9th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Sanlam Price Performance

Shares of SLLDY stock opened at C$10.65 on Tuesday. The stock’s 50-day simple moving average is C$11.02 and its 200-day simple moving average is C$11.57. Sanlam has a fifty-two week low of C$9.34 and a fifty-two week high of C$13.68.

About Sanlam

Sanlam Limited (OTCMKTS:SLLDY) is a South African financial services group offering a broad array of insurance, investment and wealth management solutions. Headquartered in Bellville, Cape Town, the company provides life and health insurance, general insurance products, retirement planning and savings vehicles to individual and corporate clients. Through its network of advisors and digital platforms, Sanlam seeks to deliver tailored financial planning, estate planning, risk cover and wealth preservation services across multiple market segments.

Founded in 1918 as the South African Life Assurance and Investment Society, Sanlam has grown into one of the continent’s largest insurers.