FirstRand Limited (OTCMKTS:FANDF) Sees Large Increase in Short Interest

FirstRand Limited (OTCMKTS:FANDF) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 17,600 shares, an increase of 44.3% from the May 31st total of 12,200 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 176.0 days.

FirstRand Stock Performance

Shares of FirstRand stock remained flat at $3.75 during trading on Friday. The stock’s 50-day simple moving average is $3.65 and its 200-day simple moving average is $3.61. FirstRand has a 1-year low of $3.08 and a 1-year high of $3.92.

FirstRand Company Profile

FirstRand Limited, together with its subsidiaries, provides transactional, lending, investment, and insurance products and services in South Africa, rest of Africa, the United Kingdom, Europe, Asia, the United States, and Australia. The company offers deposit and savings products; personal loans; and asset and invoice finance, as well as SME commercial, residential, and buy-to-let mortgages.