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

Suncorp Group Limited (OTCMKTS:SNMCY) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 300 shares, a growth of 50.0% from the October 15th total of 200 shares. Based on an average daily volume of 1,700 shares, the short-interest ratio is currently 0.2 days.

Suncorp Group Price Performance

Shares of OTCMKTS:SNMCY traded up $0.24 during trading hours on Friday, hitting $12.53. The stock had a trading volume of 168 shares, compared to its average volume of 2,380. The stock’s fifty day simple moving average is $12.39 and its 200 day simple moving average is $11.55. Suncorp Group has a 1-year low of $8.62 and a 1-year high of $13.45.

Suncorp Group Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, August 30th were paid a dividend of $0.2734 per share. The ex-dividend date of this dividend was Friday, August 30th. This is an increase from Suncorp Group’s previous dividend of $0.20.

Suncorp Group Company Profile

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.