Short Interest in Standard Chartered PLC (OTCMKTS:SCBFF) Declines By 51.9%

Standard Chartered PLC (OTCMKTS:SCBFF) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 330,300 shares, a decline of 51.9% from the February 29th total of 687,000 shares. Based on an average trading volume of 7,500 shares, the short-interest ratio is presently 44.0 days.

Standard Chartered Stock Performance

Shares of Standard Chartered stock remained flat at $8.57 on Thursday. Standard Chartered has a 1-year low of $7.06 and a 1-year high of $9.78. The firm has a market cap of $22.84 billion, a PE ratio of 8.08 and a beta of 0.82. The company’s fifty day moving average is $7.90 and its two-hundred day moving average is $8.21.

Standard Chartered (OTCMKTS:SCBFF) last announced its quarterly earnings results on Friday, February 23rd. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.06). Standard Chartered had a net margin of 9.26% and a return on equity of 8.01%. The firm had revenue of $4.37 billion during the quarter, compared to analyst estimates of $4.32 billion. As a group, equities research analysts predict that Standard Chartered will post 1.58 EPS for the current year.

Standard Chartered Company Profile

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas. The company operates in three segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures.