Suncorp Group Limited (OTCMKTS:SNMCY) Sees Large Decrease in Short Interest

Suncorp Group Limited (OTCMKTS:SNMCY) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totalling 2,100 shares, a decrease of 27.6% from the May 31st total of 2,900 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 21.0 days.

Suncorp Group Price Performance

Shares of SNMCY remained flat at $11.35 during mid-day trading on Friday. 11 shares of the stock traded hands, compared to its average volume of 1,450. Suncorp Group has a 12-month low of $8.09 and a 12-month high of $11.67. The firm’s fifty day simple moving average is $10.80 and its 200 day simple moving average is $10.17.

Suncorp Group Company Profile

Suncorp Group Limited provides insurance and banking products and services to retail, corporate, and commercial customers in Australia and New Zealand. The company operates through Insurance (Australia), Suncorp Bank, and Suncorp New Zealand segments. The Insurance (Australia) segment provides general insurance products and services, including home and contents, motor, marine, travel, commercial property, industrial special risk, public liability and professional indemnity, workers' compensation, and compulsory third-party products, as well as distributes life insurance products.