Abrdn PLC Unsponsored ADR (OTCMKTS:SLFPY) Short Interest Up 854.5% in September

Key Points

• Abrdn PLC Unsponsored ADR experienced a dramatic increase in short interest, rising by 854.5% in September, from 1,100 shares at the end of August to 10,500 shares.
• Royal Bank Of Canada upgraded Abrdn’s rating from "strong sell" to "hold", while the consensus rating for the company remains at "Reduce".
• As of the latest trading session, shares of Abrdn increased by 0.9%, reaching a price of $10.53, marking a notable rise compared to its 12-month low of $6.36.

Abrdn PLC Unsponsored ADR (OTCMKTS:SLFPY - Get Free Report) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 10,500 shares, a growth of 854.5% from the August 31st total of 1,100 shares. Based on an average trading volume of 2,800 shares, the short-interest ratio is currently 3.8 days. Based on an average trading volume of 2,800 shares, the short-interest ratio is currently 3.8 days.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada raised shares of Abrdn from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 20th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Reduce".

Abrdn Trading Up 0.9%

Shares of OTCMKTS:SLFPY traded up $0.09 during trading on Tuesday, hitting $10.53. 145 shares of the company were exchanged, compared to its average volume of 1,320. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.12. The firm's 50 day moving average price is $10.56 and its 200-day moving average price is $9.60. Abrdn has a 12-month low of $6.36 and a 12-month high of $11.10.

About Abrdn

abrdn plc provides asset management services in the United Kingdom, Europe, North America, and Asia. The company offers investment solutions and funds; long-term savings and investment products to individual and corporate customers; and life insurance and savings products. It provides its products through institutional, wholesale, and retail distribution channels.

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