Standard Chartered PLC (OTCMKTS:SCBFF) Short Interest Update

Key Points

• Standard Chartered PLC experienced a significant increase in short interest of 34.0% in August, bringing the total to 173,000 shares.
• The company's stock price rose 2.8% to $18.41, with a market capitalization of $42.95 billion.
• In its latest earnings report, Standard Chartered reported an EPS of $0.74, exceeding analyst expectations of $0.60.

Standard Chartered PLC (OTCMKTS:SCBFF - Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 15th, there was short interest totaling 173,000 shares, anincreaseof34.0% from the July 31st total of 129,100 shares. Based on an average daily volume of 15,000 shares, the days-to-cover ratio is presently 11.5 days. Based on an average daily volume of 15,000 shares, the days-to-cover ratio is presently 11.5 days.

Standard Chartered Stock Up 2.8%

Standard Chartered stock opened at $18.41 on Monday. 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 has a 52-week low of $9.57 and a 52-week high of $19.43. The firm has a 50 day moving average price of $17.96 and a two-hundred day moving average price of $15.90. The firm has a market cap of $42.95 billion, a price-to-earnings ratio of 10.17 and a beta of 0.79.

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

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