FirstRand Limited (OTCMKTS:FANDF) Sees Large Increase in Short Interest

FirstRand Limited (OTCMKTS:FANDF) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 59,200 shares, a growth of 463.8% from the October 31st total of 10,500 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 592.0 days.

FirstRand Price Performance

FirstRand stock remained flat at $4.21 during midday trading on Wednesday. FirstRand has a one year low of $3.35 and a one year high of $4.98. The stock has a 50 day moving average price of $4.57 and a 200-day moving average price of $4.30.

About FirstRand

FirstRand Limited, together with its subsidiaries, provides transactional, lending, investment, and insurance products and services in South Africa, rest of Africa, the United Kingdom, Europe, Asia, the United States, and Australia. The company offers deposit and savings products; personal loans; and asset and invoice finance, as well as SME commercial, residential, and buy-to-let mortgages.