Standard Chartered PLC (OTCMKTS:SCBFF) Sees Large Drop in Short Interest

Standard Chartered PLC (OTCMKTS:SCBFF - Get Free Report) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 27,800 shares, a drop of 66.1% from the March 15th total of 82,000 shares. Based on an average trading volume of 17,800 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.0% of the shares of the company are sold short.

Standard Chartered Stock Performance

Standard Chartered stock traded up $0.79 on Friday, reaching $13.64. 55,587 shares of the stock were exchanged, compared to its average volume of 49,153. 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 twelve month low of $7.81 and a twelve month high of $16.43. The firm has a fifty day moving average price of $14.24 and a two-hundred day moving average price of $12.81. The stock has a market cap of $33.48 billion, a PE ratio of 12.29 and a beta of 0.54.

Standard Chartered (OTCMKTS:SCBFF - Get Free Report) last announced its earnings results on Friday, February 21st. The company reported $0.28 earnings per share for the quarter. The firm had revenue of $4.80 billion during the quarter. Standard Chartered had a return on equity of 8.80% and a net margin of 8.56%. Sell-side analysts anticipate that Standard Chartered will post 1.66 EPS for the current year.

Standard Chartered Increases Dividend

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

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.