Standard Chartered PLC (OTCMKTS:SCBFY) Short Interest Down 86.2% in June

Standard Chartered PLC (OTCMKTS:SCBFY) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 43,966 shares, a decrease of 86.2% from the May 31st total of 319,713 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 641,372 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Standard Chartered to a “hold” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Standard Chartered has a consensus rating of “Hold”.

Standard Chartered Trading Down 0.8%

Shares of OTCMKTS SCBFY traded down $0.44 during midday trading on Friday, hitting $53.84. The company’s stock had a trading volume of 43,201 shares, compared to its average volume of 213,483. Standard Chartered has a 1-year low of $32.35 and a 1-year high of $56.59. The firm’s fifty day moving average price is $51.78 and its 200-day moving average price is $49.06.

About Standard Chartered

Standard Chartered PLC is a leading international banking group headquartered in London, with a heritage dating back to the 19th century. The bank was formed in 1969 through the merger of Standard Bank of British South Africa and Chartered Bank of India, Australia and China, combining deep roots in emerging markets with a global footprint. Over more than 150 years of operations, Standard Chartered has built a reputation for expertise in trade finance, corporate banking and cross-border transactions.

The company offers a broad range of financial products and services, including corporate and institutional banking, retail banking, wealth management, treasury and capital markets solutions.