Standard Chartered PLC (OTCMKTS:SCBFF) Sees Large Decrease in Short Interest

Standard Chartered PLC (OTCMKTS:SCBFF) was the recipient of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 664,800 shares, a decline 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 currently 277.0 days.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. The Goldman Sachs Group downgraded Standard Chartered from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 3rd. UBS Group raised shares of Standard Chartered to a “strong-buy” rating in a research note on Thursday, August 1st.

Standard Chartered Stock Up 2.7 %

Shares of SCBFF traded up $0.32 during midday trading on Wednesday, hitting $12.27. The stock had a trading volume of 100 shares, compared to its average volume of 11,315. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $30.12 billion, a price-to-earnings ratio of 7.97 and a beta of 0.73. The company has a 50 day simple moving average of $11.04 and a two-hundred day simple moving average of $10.00. Standard Chartered has a twelve month low of $7.06 and a twelve month high of $12.27.

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 return on equity of 8.80% and a net margin of 8.56%. The firm had revenue of $4.95 billion for the quarter, compared to analyst estimates of $4.82 billion. On average, analysts anticipate that Standard Chartered will post 1.66 EPS for the current year.

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.