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

Standard Chartered PLC (OTCMKTS:SCBFF) saw a significant drop in short interest in December. As of December 31st, there was short interest totalling 154,900 shares, a drop of 16.0% from the December 15th total of 184,500 shares. Based on an average daily trading volume, of 1,600 shares, the short-interest ratio is presently 96.8 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded Standard Chartered from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 3rd.

Standard Chartered Trading Up 4.5 %

Shares of OTCMKTS:SCBFF traded up $0.57 during trading on Thursday, reaching $13.22. The stock had a trading volume of 15,359 shares, compared to its average volume of 6,220. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.48. The stock has a market cap of $32.44 billion, a P/E ratio of 11.91 and a beta of 0.75. The business has a fifty day moving average price of $12.17 and a 200-day moving average price of $10.69. Standard Chartered has a fifty-two week low of $7.06 and a fifty-two week high of $13.22.

Standard Chartered (OTCMKTS:SCBFF) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.06). Standard Chartered had a net margin of 8.56% and a return on equity of 8.80%. The business had revenue of $4.95 billion during the quarter, compared to analyst estimates of $4.82 billion. As a group, analysts anticipate that Standard Chartered will post 1.66 earnings per share for the current fiscal year.

About Standard Chartered

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.