Standard Chartered PLC (OTCMKTS:SCBFF) Short Interest Update

Standard Chartered PLC (OTCMKTS:SCBFF) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 128,600 shares, a decline of 40.1% from the August 31st total of 214,600 shares. Based on an average trading volume of 125,700 shares, the short-interest ratio is currently 1.0 days. Based on an average trading volume of 125,700 shares, the short-interest ratio is currently 1.0 days.

Standard Chartered Price Performance

SCBFF stock opened at $19.47 on Tuesday. The stock has a market capitalization of $45.42 billion, a price-to-earnings ratio of 10.75 and a beta of 0.74. The company has a 50-day moving average of $18.82 and a two-hundred day moving average of $16.48. Standard Chartered has a 52-week low of $10.25 and a 52-week high of $20.01.

Standard Chartered (OTCMKTS:SCBFF) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.14. Standard Chartered had a return on equity of 10.73% and a net margin of 12.27%.The business had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.07 billion. Equities analysts expect that Standard Chartered will post 1.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Citigroup reiterated a “neutral” rating on shares of Standard Chartered in a report on Monday, September 22nd. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Standard Chartered has an average rating of “Hold”.

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.