FirstRand Limited (OTCMKTS:FANDF) Stock Short Interest Declines 45.1%

FirstRand Limited (OTCMKTS:FANDF – Get Free Report) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 20,395 shares, a drop of 45.1% from the September 15th total of 37,156 shares. Based on an average daily trading volume, of 10 shares, the days-to-cover ratio is presently 2,039.5 days.

FirstRand Price Performance

Shares of OTCMKTS FANDF remained flat at $5.21 during midday trading on Thursday. FirstRand has a 52 week low of $4.64 and a 52 week high of $6.01. The company’s 50-day simple moving average is $5.72 and its two-hundred day simple moving average is $5.56.

About FirstRand

(Get Free Report)

FirstRand Limited is a South African financial services group headquartered in Johannesburg. Listed on the Johannesburg Stock Exchange, the group provides banking, lending, investment, insurance-related and wealth-management services through a portfolio of financial brands.

Its principal businesses include First National Bank (FNB), which offers personal, business and commercial banking products; Rand Merchant Bank (RMB), which provides corporate and investment banking, advisory, financing and markets services; and WesBank, which specializes in vehicle and asset finance.

See Also

Receive News & Ratings for FirstRand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstRand and related companies with MarketBeat.com's FREE daily email newsletter.