Standard Chartered PLC (OTCMKTS:SCBFF) Sees Large Increase in Short Interest

Standard Chartered PLC (OTCMKTS:SCBFF - Get Free Report) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 93,800 shares, a growth of 237.4% from the March 31st total of 27,800 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily volume of 314,600 shares, the days-to-cover ratio is currently 0.3 days.

Standard Chartered Trading Down 4.2 %

Shares of Standard Chartered stock traded down $0.61 on Wednesday, reaching $14.06. The company had a trading volume of 7,806 shares, compared to its average volume of 43,194. The firm's 50 day moving average price is $14.27 and its two-hundred day moving average price is $12.98. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.84 and a current ratio of 0.84. Standard Chartered has a 52-week low of $8.53 and a 52-week high of $16.43. The firm has a market cap of $34.51 billion, a PE ratio of 12.67 and a beta of 0.54.

Standard Chartered (OTCMKTS:SCBFF - Get Free Report) last issued its quarterly earnings results on Friday, February 21st. The company reported $0.28 earnings per share (EPS) for the quarter. The business had revenue of $4.80 billion for the quarter. Standard Chartered had a net margin of 8.56% and a return on equity of 8.80%. Sell-side analysts predict that Standard Chartered will post 1.66 earnings per share for the current fiscal year.

Standard Chartered Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, May 19th. Stockholders of record on Friday, March 28th will be issued a $0.28 dividend. This is a boost from Standard Chartered's previous dividend of $0.09. The ex-dividend date is Thursday, March 27th. Standard Chartered's payout ratio is presently 40.88%.

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.