Short Interest in Standard Chartered PLC (OTCMKTS:SCBFY) Drops By 41.3%

Standard Chartered PLC (OTCMKTS:SCBFY) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 23,000 shares, a drop of 41.3% from the December 15th total of 39,200 shares. Based on an average daily volume of 105,200 shares, the days-to-cover ratio is currently 0.2 days.

Standard Chartered Trading Up 0.7 %

SCBFY stock traded up $0.17 during mid-day trading on Tuesday, hitting $25.29. 57,510 shares of the company were exchanged, compared to its average volume of 56,292. Standard Chartered has a 1-year low of $14.35 and a 1-year high of $25.90. The business has a 50 day simple moving average of $24.81 and a 200-day simple moving average of $21.97.

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.