Short Interest in Standard Chartered PLC (OTCMKTS:SCBFF) Drops By 15.8%

Standard Chartered PLC (OTCMKTS:SCBFF) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 184,500 shares, a decrease of 15.8% from the November 30th total of 219,200 shares. Based on an average daily trading volume, of 22,300 shares, the short-interest ratio is currently 8.3 days.

Analyst Upgrades and Downgrades

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

Standard Chartered Stock Performance

OTCMKTS:SCBFF remained flat at $11.95 during trading hours on Friday. The firm has a market cap of $29.32 billion, a P/E ratio of 10.76 and a beta of 0.75. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.48. The company has a fifty day simple moving average of $11.94 and a 200-day simple moving average of $10.43. Standard Chartered has a twelve month low of $7.06 and a twelve month high of $12.87.

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

About Standard Chartered

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.