Short Interest in FirstRand Limited (OTCMKTS:FANDF) Decreases By 95.2%

FirstRand Limited (OTCMKTS:FANDF) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 64,700 shares, a drop of 95.2% from the February 28th total of 1,359,900 shares. Based on an average trading volume of 6,300 shares, the days-to-cover ratio is currently 10.3 days.

FirstRand Price Performance

Shares of FANDF stock remained flat at $4.03 during trading hours on Thursday. FirstRand has a 52-week low of $3.35 and a 52-week high of $4.98. The company has a 50 day moving average price of $4.01 and a 200-day moving average price of $4.29.

FirstRand Company Profile

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.