Sanlam Limited (OTCMKTS:SLLDY) Sees Large Increase in Short Interest

Sanlam Limited (OTCMKTS:SLLDY) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 15,500 shares, a growth of 573.9% from the November 30th total of 2,300 shares. Based on an average daily volume of 27,400 shares, the short-interest ratio is currently 0.6 days.

Sanlam Price Performance

Shares of SLLDY traded down C$0.24 during midday trading on Thursday, hitting C$9.32. The company had a trading volume of 26,499 shares, compared to its average volume of 14,532. Sanlam has a 52 week low of C$6.60 and a 52 week high of C$10.46. The company’s 50 day moving average price is C$9.95 and its 200 day moving average price is C$9.53.

Analysts Set New Price Targets

Separately, Barclays upgraded Sanlam to a “hold” rating in a report on Thursday, October 3rd.

Sanlam Company Profile

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.