Standard Chartered PLC (OTCMKTS:SCBFF) Short Interest Up 42.8% in September

Key Points

• Short interest for Standard Chartered PLC increased by 42.8% in September, totaling 183,700 shares as of September 30th.
• Wall Street analysts maintain a consensus "Hold" rating on Standard Chartered stocks, with Citigroup reaffirming this rating on September 22nd.
• In its last earnings report, Standard Chartered reported an EPS of $0.74, exceeding analysts' expectations of $0.60, with revenues of $5.51 billion.

Standard Chartered PLC (OTCMKTS:SCBFF - Get Free Report) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 183,700 shares, a growth of 42.8% from the September 15th total of 128,600 shares. Based on an average daily volume of 13,000 shares, the days-to-cover ratio is currently 14.1 days. Based on an average daily volume of 13,000 shares, the days-to-cover ratio is currently 14.1 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup reissued a "neutral" rating on shares of Standard Chartered in a report on Monday, September 22nd. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Standard Chartered Trading Down 1.4%

OTCMKTS SCBFF traded down $0.27 during trading hours on Thursday, reaching $18.40. The company had a trading volume of 754 shares, compared to its average volume of 3,758. The stock has a 50-day moving average of $18.97 and a 200 day moving average of $16.86. Standard Chartered has a 1-year low of $10.65 and a 1-year high of $20.01. The stock has a market capitalization of $42.94 billion, a P/E ratio of 10.17 and a beta of 0.74.

Standard Chartered (OTCMKTS:SCBFF - Get Free Report) last posted its 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. Standard Chartered had a net margin of 12.27% and a return on equity of 10.73%. The company had revenue of $5.51 billion for the quarter, compared to analysts' expectations of $5.07 billion. As a group, sell-side analysts predict that Standard Chartered will post 1.66 EPS for the current year.

About Standard Chartered

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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