Standard Chartered PLC (OTCMKTS:SCBFF) Short Interest Update

Standard Chartered PLC (OTCMKTS:SCBFF) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 154,900 shares, a decline of 16.0% from the December 15th total of 184,500 shares. Based on an average trading volume of 1,600 shares, the days-to-cover ratio is currently 96.8 days.

Standard Chartered Stock Up 4.5 %

OTCMKTS:SCBFF traded up $0.57 during trading hours on Thursday, hitting $13.22. The stock had a trading volume of 15,359 shares, compared to its average volume of 6,220. The company has a market cap of $32.44 billion, a PE ratio of 11.91 and a beta of 0.75. The business has a 50 day simple moving average of $12.17 and a two-hundred day simple moving average of $10.69. Standard Chartered has a 1-year low of $7.06 and a 1-year high of $13.22. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.48.

Standard Chartered (OTCMKTS:SCBFF) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). Standard Chartered had a net margin of 8.56% and a return on equity of 8.80%. The firm had revenue of $4.95 billion for the quarter, compared to analyst estimates of $4.82 billion. Analysts predict that Standard Chartered will post 1.66 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut Standard Chartered from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 3rd.

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.