Abrdn PLC Unsponsored ADR (OTCMKTS:SLFPY) Short Interest Up 81.6% in March

Key Points

• Short interest in Abrdn's unsponsored ADR rose 81.6% in March to 3,248 shares, up from 1,789 on Feb. 26, indicating increased bearish positioning.
• With an average daily volume of 477 shares, the stock's days-to-cover ratio is about 6.8 days, suggesting a relatively long period to cover short positions.
• Abrdn opened at $10.11, trading between a 50-day/200-day moving average of $11.55/$11.05 and a 52-week range of $6.36–$12.63, while analyst consensus from two analysts remains a Hold.

Abrdn PLC Unsponsored ADR (OTCMKTS:SLFPY - Get Free Report) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 3,248 shares, an increase of 81.6% from the February 26th total of 1,789 shares. Approximately 0.0% of the company's stock are sold short. Based on an average trading volume of 477 shares, the days-to-cover ratio is currently 6.8 days.

Abrdn Stock Down 0.4%

OTCMKTS SLFPY opened at $10.11 on Friday. The firm's fifty day moving average price is $11.55 and its two-hundred day moving average price is $11.05. Abrdn has a 1 year low of $6.36 and a 1 year high of $12.63.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets raised Abrdn to a "hold" rating in a research report on Thursday, December 4th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of "Hold".

About Abrdn

Abrdn plc is a global investment management company headquartered in Edinburgh, Scotland. Operating under the ticker OTCMKTS:SLFPY in the over-the-counter market, the firm delivers a broad range of financial products and services to institutional, wholesale and retail clients. Its offerings span equity, fixed income, multi-asset, real estate and private markets, with a focus on active management and thematic investing strategies.

The company's core business activities include the management of pooled and segregated funds, advisory services and model portfolio solutions.

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