Standard Chartered PLC (OTCMKTS:SCBFF) Sees Significant Growth in Short Interest

Standard Chartered PLC (OTCMKTS:SCBFF) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 82,000 shares, a growth of 105.5% from the February 28th total of 39,900 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 6,300 shares, the short-interest ratio is currently 13.0 days.

Standard Chartered Price Performance

SCBFF stock traded up $0.40 during midday trading on Friday, reaching $14.75. The company had a trading volume of 4,461 shares, compared to its average volume of 6,318. The company has a market capitalization of $36.21 billion, a price-to-earnings ratio of 13.29 and a beta of 0.67. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.84 and a quick ratio of 0.84. Standard Chartered has a 1-year low of $7.70 and a 1-year high of $16.43. The stock has a 50 day moving average price of $14.34 and a 200-day moving average price of $12.45.

Standard Chartered (OTCMKTS:SCBFF) last issued its earnings results on Friday, February 21st. The company reported $0.28 EPS for the quarter. The company had revenue of $4.80 billion during the quarter. Standard Chartered had a net margin of 8.56% and a return on equity of 8.80%. Equities research analysts expect that Standard Chartered will post 1.66 earnings per share for the current year.

Standard Chartered Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, May 19th. Shareholders of record on Friday, March 28th will be issued a $0.28 dividend. The ex-dividend date is Thursday, March 27th. This is an increase from Standard Chartered’s previous dividend of $0.09. Standard Chartered’s dividend payout ratio (DPR) is currently 40.88%.

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.