Sanlam Limited (OTCMKTS:SLLDY) Shares Shorted: Short Interest Down 78.1% in September

Sanlam Limited (OTCMKTS:SLLDY) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 15,340 shares, a decrease of 78.1% from the August 31st total of 69,981 shares. Based on an average daily volume of 161,019 shares, the days-to-cover ratio is presently 0.1 days.

Sanlam Stock Up 0.5%

Shares of OTCMKTS SLLDY traded up C$0.05 during trading on Friday, hitting C$9.97. 48,744 shares of the company traded hands, compared to its average volume of 53,791. The company has a 50-day moving average price of C$10.55 and a 200-day moving average price of C$10.70. Sanlam has a 1 year low of C$9.48 and a 1 year high of C$13.68.

Analyst Ratings Changes

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

About Sanlam

Sanlam Limited is a South African financial services group headquartered in Cape Town. The company provides insurance, investment, retirement, wealth management and financial planning services to individuals, businesses and institutions. Its offerings include life and general insurance, savings and retirement products, investment management, and advice-based financial solutions.

Sanlam operates through businesses serving retail, corporate and institutional customers. Its activities include asset management, personal financial services, employee benefits and insurance, with products distributed through advisers, intermediaries and other channels.