Suncorp Group Limited (OTCMKTS:SNMCY) Stock Short Interest Declines 96.1%

Suncorp Group Limited (OTCMKTS:SNMCY) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 763 shares, a drop of 96.1% from the September 30th total of 19,626 shares. Based on an average daily volume of 134,805 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Suncorp Group Price Performance

OTCMKTS SNMCY traded down $0.23 during trading on Monday, reaching $14.05. The company’s stock had a trading volume of 42,415 shares, compared to its average volume of 69,074. Suncorp Group has a 1-year low of $9.43 and a 1-year high of $15.66. The business has a 50-day moving average price of $13.67 and a 200-day moving average price of $12.59.

Analysts Set New Price Targets

Separately, Zacks Research lowered Suncorp Group from a “hold” rating to a “strong sell” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

About Suncorp Group

Suncorp Group Limited is an Australia-based insurance company headquartered in Brisbane, Queensland. The group provides general insurance products and services to individuals, businesses and government customers across Australia and New Zealand.

Its Australian insurance portfolio includes personal products such as home, motor, travel and life-related insurance, as well as commercial insurance, workers’ compensation and compulsory third-party coverage. Suncorp distributes products through a range of brands, including Suncorp, AAMI, GIO, Apia, Shannons and CIL.