Standard Chartered PLC (OTCMKTS:SCBFY) Short Interest Down 85.2% in December

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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 Company Profile

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.

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