Sanlam Limited (OTCMKTS:SLLDY) Short Interest Update

Sanlam Limited (OTCMKTS:SLLDY) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 19,161 shares, a growth of 84.5% from the July 30th total of 10,388 shares. Based on an average daily volume of 66,035 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Ratings Changes

Separately, Zacks Research lowered Sanlam from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Sanlam Price Performance

SLLDY stock opened at C$10.76 on Friday. The firm has a 50 day moving average of C$10.77 and a two-hundred day moving average of C$11.06. Sanlam has a 12 month low of C$9.38 and a 12 month high of C$13.68.

Sanlam Company Profile

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.