FirstRand Limited (OTCMKTS:FANDF) Sees Large Growth in Short Interest

FirstRand Limited (OTCMKTS:FANDF) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 59,200 shares, an increase of 463.8% from the October 31st total of 10,500 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 592.0 days.

FirstRand Price Performance

Shares of OTCMKTS:FANDF remained flat at $4.21 during midday trading on Friday. 32,443 shares of the stock traded hands, compared to its average volume of 1,213. FirstRand has a 1-year low of $3.35 and a 1-year high of $4.98. The company’s 50-day moving average price is $4.53 and its 200 day moving average price is $4.30.

FirstRand Company Profile

FirstRand Limited, together with its subsidiaries, provides transactional, lending, investment, and insurance products and services in South Africa, rest of Africa, the United Kingdom, Europe, Asia, the United States, and Australia. The company offers deposit and savings products; personal loans; and asset and invoice finance, as well as SME commercial, residential, and buy-to-let mortgages.