FirstRand Limited (OTCMKTS:FANDF) Sees Significant Decrease in Short Interest

FirstRand Limited (OTCMKTS:FANDF) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totalling 4,900 shares, a decrease of 16.9% from the July 15th total of 5,900 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 49.0 days.

FirstRand Price Performance

OTCMKTS:FANDF remained flat at $4.46 during mid-day trading on Friday. FirstRand has a 12-month low of $3.18 and a 12-month high of $4.46. The stock’s 50 day simple moving average is $4.12 and its 200-day simple moving average is $3.74.

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.