Standard Chartered PLC (OTCMKTS:SCBFY) Sees Large Increase in Short Interest

Standard Chartered PLC (OTCMKTS:SCBFY) saw a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 25,900 shares, a growth of 156.4% from the November 15th total of 10,100 shares. Based on an average daily trading volume, of 104,700 shares, the days-to-cover ratio is currently 0.2 days.

Standard Chartered Stock Performance

SCBFY stock opened at $25.47 on Friday. The business has a fifty day simple moving average of $23.64 and a 200-day simple moving average of $21.02. Standard Chartered has a 52 week low of $14.35 and a 52 week high of $25.90.

About Standard Chartered

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.