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Standard Chartered PLC (OTCMKTS:SCBFF) Sees Significant Increase in Short Interest

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Standard Chartered PLC (OTCMKTS:SCBFF - Get Free Report) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 82,000 shares, a growth of 105.5% from the February 28th total of 39,900 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily volume of 6,300 shares, the days-to-cover ratio is currently 13.0 days.

Standard Chartered Stock Up 2.8 %

OTCMKTS:SCBFF traded up $0.40 on Tuesday, hitting $14.75. The stock had a trading volume of 10,411 shares, compared to its average volume of 6,197. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.48. Standard Chartered has a 52 week low of $7.70 and a 52 week high of $16.43. The business's fifty day moving average is $14.41 and its 200 day moving average is $12.56. The company has a market cap of $36.21 billion, a PE ratio of 13.29 and a beta of 0.67.

Standard Chartered (OTCMKTS:SCBFF - Get Free Report) last posted its quarterly earnings results on Friday, February 21st. The company reported $0.28 earnings per share (EPS) for the quarter. Standard Chartered had a net margin of 8.56% and a return on equity of 8.80%. The business had revenue of $4.80 billion during the quarter. On average, equities research analysts expect that Standard Chartered will post 1.66 EPS for the current fiscal year.

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Standard Chartered Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, May 19th. Stockholders of record on Friday, March 28th will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, March 27th. This is an increase from Standard Chartered's previous dividend of $0.09. Standard Chartered's payout ratio is presently 40.88%.

About Standard Chartered

(Get Free Report)

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas. The company operates in three segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures.

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