Short Interest in Standard Chartered PLC (OTCMKTS:SCBFF) Declines By 39.5%

Key Points

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Standard Chartered PLC (OTCMKTS:SCBFF - Get Free Report) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 129,100 shares, adropof39.5% from the July 15th total of 213,300 shares. Based on an average daily trading volume, of 6,600 shares, the days-to-cover ratio is presently 19.6 days. Currently,0.0% of the company's stock are sold short. Currently,0.0% of the company's stock are sold short. Based on an average daily trading volume, of 6,600 shares, the days-to-cover ratio is presently 19.6 days.

Standard Chartered Stock Performance

Standard Chartered stock opened at $17.49 on Tuesday. The stock's 50 day moving average price is $17.21 and its 200 day moving average price is $15.42. The firm has a market capitalization of $40.81 billion, a PE ratio of 9.66 and a beta of 0.77. Standard Chartered has a one year low of $9.46 and a one year high of $19.26. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.84 and a current ratio of 0.84.

Standard Chartered (OTCMKTS:SCBFF - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.14. The business had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.07 billion. Standard Chartered had a return on equity of 10.73% and a net margin of 12.27%. As a group, sell-side analysts expect that Standard Chartered will post 1.66 EPS 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.

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