Standard Bank Group Limited (OTCMKTS:SGBLY) Sees Large Drop in Short Interest

Standard Bank Group Limited (OTCMKTS:SGBLY) was the recipient of a large drop in short interest in November. As of November 30th, there was short interest totalling 24,900 shares, a drop of 78.1% from the November 15th total of 113,900 shares. Based on an average daily volume of 85,100 shares, the days-to-cover ratio is presently 0.3 days.

Standard Bank Group Trading Down 1.6 %

Shares of Standard Bank Group stock traded down $0.21 during trading hours on Wednesday, reaching $12.91. 51,046 shares of the company’s stock were exchanged, compared to its average volume of 29,891. Standard Bank Group has a 52-week low of $8.69 and a 52-week high of $14.68. The company has a fifty day moving average of $13.52 and a 200-day moving average of $12.64.

Standard Bank Group Company Profile

Standard Bank Group Limited provides banking and financial products and services in South Africa and internationally. It offers transactional accounts and digital banking platforms; personal and business lending solutions to enhance cash flow; finance for buying, building, and maintaining home; foreign exchange services; trusts and third-party administration accounts; workplace solutions, such as payroll and HR, financial planning, and employer value banking; merchant solutions, including point-of-sale, ecommerce, digital payments, payment processing, and small business support; and cash management services.