Sanlam Limited (OTCMKTS:SLLDY) Short Interest Update

Sanlam Limited (OTCMKTS:SLLDY) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 12,900 shares, a drop of 46.9% from the September 15th total of 24,300 shares. Based on an average daily trading volume, of 27,000 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analysts Forecast Growth

Separately, Barclays raised shares of Sanlam to a “hold” rating in a research report on Thursday, October 3rd.

Sanlam Stock Performance

SLLDY traded up C$0.27 during trading on Friday, hitting C$10.09. The stock had a trading volume of 21,735 shares, compared to its average volume of 14,549. The company has a 50 day moving average price of C$9.69 and a 200-day moving average price of C$8.62. Sanlam has a one year low of C$6.60 and a one year high of C$10.46.

About Sanlam

Sanlam Limited provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, and internationally. The company operates through Sanlam Life and Savings, Sanlam Emerging Markets, Sanlam Investment Group, and Santam segments. It offers life, disability, severe illness, income protection, cancer, funeral, credit life, medical aid, gap cover, vehicle, house contents, buildings, all risk, buy and sell, business debt, key person, and group risk benefits insurance, as well as commercial insurance products consisting of office contents, theft, glass, personal accident, goods in transit, machinery breakdown, fire, business interruption, money, deterioration of stock, accidental damage, public liability, and electronic equipment.