Short Interest in Standard Chartered PLC (OTCMKTS:SCBFF) Grows By 143.6%

Standard Chartered PLC (OTCMKTS:SCBFF) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 896,609 shares, an increase of 143.6% from the May 31st total of 368,136 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 41,915 shares, the short-interest ratio is presently 21.4 days.

Standard Chartered Stock Performance

Standard Chartered stock remained flat at $26.33 during midday trading on Monday. 1,183 shares of the company’s stock traded hands, compared to its average volume of 13,333. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.50. The business’s 50 day moving average price is $25.51 and its 200-day moving average price is $24.14. Standard Chartered has a one year low of $15.91 and a one year high of $27.77. The firm has a market cap of $59.85 billion, a P/E ratio of 12.84 and a beta of 0.68.

Standard Chartered (OTCMKTS:SCBFF) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.18. The company had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.58 billion. Standard Chartered had a net margin of 13.63% and a return on equity of 11.07%. As a group, equities analysts expect that Standard Chartered will post 2.26 earnings per share for the current year.

Wall Street Analyst Weigh In

SCBFF has been the subject of a number of recent analyst reports. BNP Paribas Exane raised Standard Chartered to an “outperform” rating in a research note on Tuesday, April 14th. Morgan Stanley restated an “overweight” rating on shares of Standard Chartered in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft raised Standard Chartered from a “hold” rating to a “buy” rating in a research note on Tuesday, June 23rd. Keefe, Bruyette & Woods raised Standard Chartered from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, Citigroup reissued a “neutral” rating on shares of Standard Chartered in a research report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Standard Chartered has an average rating of “Moderate Buy”.

About Standard Chartered

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.