Sanlam Limited (OTCMKTS:SLLDY) Short Interest Down 88.1% in November

Sanlam Limited (OTCMKTS:SLLDY) was the recipient of a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 2,300 shares, a drop of 88.1% from the November 15th total of 19,300 shares. Based on an average daily volume of 32,500 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Barclays raised Sanlam to a “hold” rating in a report on Thursday, October 3rd.

Sanlam Price Performance

OTCMKTS:SLLDY traded down C$0.06 on Wednesday, reaching C$10.28. The stock had a trading volume of 9,638 shares, compared to its average volume of 14,229. Sanlam has a 1-year low of C$6.60 and a 1-year high of C$10.46. The stock has a fifty day moving average price of C$9.98 and a 200-day moving average price of C$9.39.

About Sanlam

Sanlam Limited provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, and internationally. The company operates through Sanlam Life and Savings, Sanlam Emerging Markets, Sanlam Investment Group, and Santam segments. It offers life, disability, severe illness, income protection, cancer, funeral, credit life, medical aid, gap cover, vehicle, house contents, buildings, all risk, buy and sell, business debt, key person, and group risk benefits insurance, as well as commercial insurance products consisting of office contents, theft, glass, personal accident, goods in transit, machinery breakdown, fire, business interruption, money, deterioration of stock, accidental damage, public liability, and electronic equipment.