Short Interest in Standard Chartered PLC (OTCMKTS:SCBFF) Decreases By 67.2%

Standard Chartered PLC (OTCMKTS:SCBFF) was the recipient of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 664,800 shares, a decrease of 67.2% from the October 31st total of 2,026,700 shares. Based on an average trading volume of 2,400 shares, the short-interest ratio is presently 277.0 days.

Standard Chartered Price Performance

Shares of Standard Chartered stock traded up $0.32 during trading on Wednesday, reaching $12.27. The company’s stock had a trading volume of 100 shares, compared to its average volume of 11,315. Standard Chartered has a one year low of $7.06 and a one year high of $12.27. The stock has a 50-day moving average price of $11.04 and a two-hundred day moving average price of $10.00. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $30.12 billion, a P/E ratio of 7.97 and a beta of 0.73.

Standard Chartered (OTCMKTS:SCBFF) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.06). The company had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $4.82 billion. Standard Chartered had a return on equity of 8.80% and a net margin of 8.56%. As a group, sell-side analysts anticipate that Standard Chartered will post 1.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SCBFF shares. The Goldman Sachs Group cut Standard Chartered from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 3rd. UBS Group raised Standard Chartered to a “strong-buy” rating in a report on Thursday, August 1st.

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.