Sanlam Limited (OTCMKTS:SLLDY – Get Free Report) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 33,486 shares, a growth of 141.3% from the September 30th total of 13,875 shares. Based on an average trading volume of 195,101 shares, the short-interest ratio is presently 0.2 days.
Sanlam Stock Down 2.9%
Shares of Sanlam stock opened at C$10.27 on Friday. The stock’s fifty day moving average is C$10.25 and its two-hundred day moving average is C$11.01. Sanlam has a 52 week low of C$9.25 and a 52 week high of C$13.68.
Analysts Set New Price Targets
Separately, Zacks Research lowered shares of Sanlam from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 30th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, Sanlam presently has an average rating of “Sell”.
Check Out Our Latest Stock Analysis on Sanlam
About Sanlam
Sanlam Limited is a South African financial services group that provides insurance, investments, retirement planning, wealth management and related financial solutions. Its products and services serve individuals, businesses and institutional clients, with offerings that include life and general insurance, asset management, financial planning, healthcare-related cover and banking services.
Founded in 1918, Sanlam has developed from a South African life-insurance provider into a diversified financial services organization.
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