Standard Bank Group Limited (OTCMKTS:SGBLY) Sees Large Increase in Short Interest

Standard Bank Group Limited (OTCMKTS:SGBLY) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 35,500 shares, a growth of 51.7% from the February 13th total of 23,400 shares. Based on an average trading volume of 68,200 shares, the short-interest ratio is currently 0.5 days.

Standard Bank Group Stock Up 4.8 %

Shares of SGBLY stock opened at $13.22 on Friday. The business’s fifty day moving average price is $11.95 and its 200 day moving average price is $12.85. Standard Bank Group has a 1-year low of $8.69 and a 1-year high of $14.68.

About Standard Bank Group

Standard Bank Group Limited provides banking and financial products and services in South Africa and internationally. It offers transactional accounts and digital banking platforms; personal and business lending solutions to enhance cash flow; finance for buying, building, and maintaining home; foreign exchange services; trusts and third-party administration accounts; workplace solutions, such as payroll and HR, financial planning, and employer value banking; merchant solutions, including point-of-sale, ecommerce, digital payments, payment processing, and small business support; and cash management services.