Standard Chartered PLC (OTCMKTS:SCBFF) Short Interest Up 24.0% in August

Key Points

• Short interest in Standard Chartered PLC increased by 24.0% in August, rising from 173,000 shares to 214,600 shares.
• The company reported $0.74 earnings per share in its last earnings report, exceeding analysts' expectations of $0.60.
• Currently, Standard Chartered has a market capitalization of $45.29 billion and a price-to-earnings ratio of 10.72.

Standard Chartered PLC (OTCMKTS:SCBFF - Get Free Report) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 214,600 shares, an increase of 24.0% from the August 15th total of 173,000 shares. Based on an average daily trading volume, of 102,600 shares, the days-to-cover ratio is currently 2.1 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 102,600 shares, the days-to-cover ratio is currently 2.1 days.

Standard Chartered Price Performance

OTCMKTS:SCBFF traded down $0.33 on Monday, reaching $19.19. 433 shares of the company's stock traded hands, compared to its average volume of 25,240. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.46. The stock has a 50-day simple moving average of $18.47 and a 200-day simple moving average of $16.15. The firm has a market cap of $44.78 billion, a PE ratio of 10.60 and a beta of 0.79. Standard Chartered has a 12 month low of $10.25 and a 12 month high of $20.01.

Standard Chartered (OTCMKTS:SCBFF - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.14. The business had revenue of $5.51 billion for the quarter, compared to analysts' expectations of $5.07 billion. Standard Chartered had a return on equity of 10.73% and a net margin of 12.27%. Equities research analysts forecast that Standard Chartered will post 1.66 earnings per share for the current 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.