Suncorp Group Limited (OTCMKTS:SNMCY) Sees Significant Increase in Short Interest

Suncorp Group Limited (OTCMKTS:SNMCY) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 300 shares, an increase of 200.0% from the June 30th total of 100 shares. Based on an average daily volume of 200 shares, the short-interest ratio is currently 1.5 days.

Suncorp Group Stock Performance

SNMCY remained flat at $11.30 during mid-day trading on Friday. 177 shares of the company’s stock were exchanged, compared to its average volume of 1,369. Suncorp Group has a 1-year low of $8.09 and a 1-year high of $11.67. The stock’s 50-day moving average is $11.05 and its two-hundred day moving average is $10.44.

Suncorp Group Company Profile

Suncorp Group Limited provides insurance and banking products and services to retail, corporate, and commercial customers in Australia and New Zealand. The company operates through Insurance (Australia), Suncorp Bank, and Suncorp New Zealand segments. The Insurance (Australia) segment provides general insurance products and services, including home and contents, motor, marine, travel, commercial property, industrial special risk, public liability and professional indemnity, workers' compensation, and compulsory third-party products, as well as distributes life insurance products.