Short Interest in Suncorp Group Limited (OTCMKTS:SNMCY) Declines By 68.8%

Suncorp Group Limited (OTCMKTS:SNMCY) was the target of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 6,522 shares, a drop of 68.8% from the January 29th total of 20,905 shares. Based on an average trading volume of 33,318 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 33,318 shares, the short-interest ratio is currently 0.2 days.

Suncorp Group Stock Performance

Shares of SNMCY opened at $11.06 on Thursday. Suncorp Group has a fifty-two week low of $9.00 and a fifty-two week high of $15.25. The firm has a 50 day moving average price of $11.70 and a 200-day moving average price of $12.75.

Suncorp Group Company Profile

Suncorp Group is a leading Australian financial services company headquartered in Brisbane, Queensland. The group offers a comprehensive range of insurance, banking and wealth management products to personal, small business and corporate clients. Operating across Australia and New Zealand, Suncorp serves its customers through a network of branches, digital platforms and partnerships with brokers and agents.

The company’s core insurance business provides general insurance cover for motor, home, commercial and specialty lines.