Standard Chartered PLC (OTCMKTS:SCBFY) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 400 shares, a decline of 85.2% from the December 15th total of 2,700 shares. Based on an average trading volume of 12,900 shares, the short-interest ratio is currently 0.0 days.
A number of equities research analysts have recently weighed in on SCBFY shares. Credit Suisse Group restated a “neutral” rating on shares of Standard Chartered in a research note on Friday, October 30th. AlphaValue upgraded Standard Chartered to a “reduce” rating in a research note on Monday, November 16th. Investec upgraded Standard Chartered from a “hold” rating to a “buy” rating in a research note on Wednesday, September 16th. Barclays restated an “underweight” rating on shares of Standard Chartered in a research note on Tuesday. Finally, UBS Group reiterated a “neutral” rating on shares of Standard Chartered in a research report on Friday, November 6th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Standard Chartered currently has a consensus rating of “Hold”.
OTCMKTS SCBFY traded down $0.53 during trading hours on Wednesday, reaching $13.69. The stock had a trading volume of 26,664 shares, compared to its average volume of 23,383. The company’s fifty day moving average is $13.02. Standard Chartered has a 52-week low of $8.48 and a 52-week high of $19.06.
Standard Chartered PLC, together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, Europe, the Americas, and the Middle East. The company operates through Corporate & Institutional Banking, Retail banking, Commercial Banking, and Private Banking segments.
See Also: Circuit Breakers
Receive News & Ratings for Standard Chartered Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standard Chartered and related companies with MarketBeat.com's FREE daily email newsletter.