Standard Chartered PLC (OTCMKTS:SCBFF) Short Interest Update

Standard Chartered PLC (OTCMKTS:SCBFF) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 66,300 shares, a decrease of 29.1% from the January 15th total of 93,500 shares. Based on an average daily trading volume, of 3,800 shares, the days-to-cover ratio is currently 17.4 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered shares of Standard Chartered from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 3rd.

Standard Chartered Price Performance

Shares of OTCMKTS SCBFF remained flat at $13.30 during mid-day trading on Friday. The stock has a 50-day moving average price of $12.67 and a 200 day moving average price of $11.28. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $32.65 billion, a price-to-earnings ratio of 11.98 and a beta of 0.75. Standard Chartered has a one year low of $7.06 and a one year high of $13.60.

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.