Standard Chartered PLC (OTCMKTS:SCBFY) Short Interest Update

Standard Chartered PLC (OTCMKTS:SCBFY) was the target of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 10,900 shares, a decrease of 71.0% from the March 31st total of 37,600 shares. Based on an average daily trading volume, of 55,800 shares, the days-to-cover ratio is currently 0.2 days.

Standard Chartered Price Performance

Shares of SCBFY stock traded down $0.14 on Friday, hitting $17.10. 73,703 shares of the company’s stock were exchanged, compared to its average volume of 80,193. Standard Chartered has a 12 month low of $14.35 and a 12 month high of $19.75. The company has a 50 day moving average of $16.84 and a 200 day moving average of $16.42.

Standard Chartered Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, March 11th will be given a dividend of $0.4827 per share. This is an increase from Standard Chartered’s previous dividend of $0.10. The ex-dividend date of this dividend is Friday, March 8th.

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.