Standard Chartered PLC (OTCMKTS:SCBFF) Short Interest Down 29.1% in January

Standard Chartered PLC (OTCMKTS:SCBFF - Get Free Report) saw a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 66,300 shares, a decrease of 29.1% from the January 15th total of 93,500 shares. Based on an average daily volume of 3,800 shares, the days-to-cover ratio is currently 17.4 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut shares of Standard Chartered from a "strong-buy" rating to a "hold" rating in a research report on Sunday, November 3rd.

Standard Chartered Trading Up 0.5 %

OTCMKTS SCBFF traded up $0.07 during trading hours on Tuesday, hitting $14.38. 108 shares of the company's stock were exchanged, compared to its average volume of 3,679. The firm has a market cap of $35.30 billion, a price-to-earnings ratio of 12.95 and a beta of 0.75. The stock has a 50-day simple moving average of $12.75 and a 200 day simple moving average of $11.38. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.48. Standard Chartered has a 1-year low of $7.43 and a 1-year high of $14.38.

Standard Chartered Company Profile

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.