Short Interest in Standard Bank Group Limited (OTCMKTS:SGBLY) Increases By 51.7%

Standard Bank Group Limited (OTCMKTS:SGBLY) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 35,500 shares, an increase of 51.7% from the February 13th total of 23,400 shares. Based on an average daily trading volume, of 68,200 shares, the short-interest ratio is currently 0.5 days.

Standard Bank Group Price Performance

Shares of OTCMKTS:SGBLY traded down $0.10 during trading on Monday, hitting $13.12. The company had a trading volume of 18,550 shares, compared to its average volume of 47,447. The company has a fifty day simple moving average of $11.95 and a two-hundred day simple moving average of $12.84. Standard Bank Group has a one year low of $8.69 and a one year high of $14.68.

Standard Bank Group Company Profile

Standard Bank Group Limited provides banking and financial products and services in South Africa and internationally. It offers transactional accounts and digital banking platforms; personal and business lending solutions to enhance cash flow; finance for buying, building, and maintaining home; foreign exchange services; trusts and third-party administration accounts; workplace solutions, such as payroll and HR, financial planning, and employer value banking; merchant solutions, including point-of-sale, ecommerce, digital payments, payment processing, and small business support; and cash management services.