Standard Chartered PLC (OTCMKTS:SCBFY) Sees Large Growth in Short Interest

Standard Chartered PLC (OTCMKTS:SCBFY) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 26,900 shares, an increase of 174.5% from the January 31st total of 9,800 shares. Based on an average daily trading volume, of 97,200 shares, the days-to-cover ratio is currently 0.3 days.

Standard Chartered Stock Up 0.8 %

SCBFY traded up $0.26 during trading on Friday, reaching $32.00. The company had a trading volume of 38,723 shares, compared to its average volume of 85,358. The business has a 50 day simple moving average of $26.96 and a 200-day simple moving average of $23.95. Standard Chartered has a 52 week low of $16.03 and a 52 week high of $32.19.

Standard Chartered Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Friday, March 28th will be issued a $0.6578 dividend. The ex-dividend date is Friday, March 28th. This is a positive change from Standard Chartered’s previous dividend of $0.14.

Standard Chartered Company Profile

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.