Suncorp Group Limited (OTCMKTS:SNMCY) Sees Large Increase in Short Interest

Suncorp Group Limited (OTCMKTS:SNMCY) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 10,500 shares, a growth of 5,150.0% from the February 13th total of 200 shares. Based on an average trading volume of 3,900 shares, the days-to-cover ratio is currently 2.7 days.

Suncorp Group Stock Up 5.7 %

Shares of OTCMKTS SNMCY traded up $0.70 during mid-day trading on Wednesday, hitting $12.95. The company had a trading volume of 821 shares, compared to its average volume of 1,241. Suncorp Group has a 1-year low of $9.90 and a 1-year high of $13.90. The business’s 50-day simple moving average is $12.69 and its 200 day simple moving average is $12.50.

Suncorp Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, February 24th will be paid a dividend of $0.1382 per share. The ex-dividend date of this dividend is Monday, February 24th.

About Suncorp Group

Suncorp Group Limited provides insurance and banking products and services to retail, corporate, and commercial customers in Australia and New Zealand. The company operates through Insurance (Australia), Suncorp Bank, and Suncorp New Zealand segments. The Insurance (Australia) segment provides general insurance products and services, including home and contents, motor, marine, travel, commercial property, industrial special risk, public liability and professional indemnity, workers' compensation, and compulsory third-party products, as well as distributes life insurance products.