Sanlam Limited (OTCMKTS:SLLDY) Sees Large Drop in Short Interest

Sanlam Limited (OTCMKTS:SLLDY) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 10,800 shares, a decline of 18.8% from the March 31st total of 13,300 shares. Based on an average daily volume of 23,200 shares, the short-interest ratio is currently 0.5 days.

Sanlam Trading Up 4.4 %

Shares of SLLDY stock traded up C$0.30 on Friday, hitting C$7.19. The company’s stock had a trading volume of 21,489 shares, compared to its average volume of 14,327. The stock’s 50 day moving average is C$7.41 and its 200-day moving average is C$7.47. Sanlam has a fifty-two week low of C$5.16 and a fifty-two week high of C$8.16.

Sanlam Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, April 15th. Investors of record on Friday, April 5th were paid a $0.3099 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This is an increase from Sanlam’s previous dividend of $0.28. This represents a dividend yield of 4.14%. Sanlam’s dividend payout ratio is 3.42%.

Sanlam Company Profile

Sanlam Limited provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, and internationally. The company operates through Sanlam Life and Savings, Sanlam Emerging Markets, Sanlam Investment Group, and Santam segments. It offers life, disability, severe illness, income protection, cancer, funeral, credit life, medical aid, gap cover, vehicle, house contents, buildings, all risk, buy and sell, business debt, key person, and group risk benefits insurance, as well as commercial insurance products consisting of office contents, theft, glass, personal accident, goods in transit, machinery breakdown, fire, business interruption, money, deterioration of stock, accidental damage, public liability, and electronic equipment.