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

Standard Chartered PLC (OTCMKTS:SCBFF) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 82,500 shares, a growth of 24.4% from the January 31st total of 66,300 shares. Based on an average daily volume of 6,300 shares, the short-interest ratio is currently 13.1 days.

Standard Chartered Stock Performance

Shares of SCBFF traded down $0.24 on Wednesday, reaching $16.10. The company’s stock had a trading volume of 348 shares, compared to its average volume of 4,652. The stock’s 50 day simple moving average is $13.37 and its two-hundred day simple moving average is $11.86. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $39.52 billion, a P/E ratio of 14.51 and a beta of 0.75. Standard Chartered has a 12-month low of $7.70 and a 12-month high of $16.43.

Standard Chartered (OTCMKTS:SCBFF) last issued its quarterly earnings results on Friday, February 21st. The company reported $0.28 earnings per share for the quarter. The business had revenue of $4.80 billion for the quarter. Standard Chartered had a net margin of 8.56% and a return on equity of 8.80%. Research analysts forecast that Standard Chartered will post 1.66 earnings per share for the current fiscal year.

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.