Short Interest in Sanlam Limited (OTCMKTS:SLLDY) Decreases By 46.3%

Sanlam Limited (OTCMKTS:SLLDY) was the target of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 5,800 shares, a decline of 46.3% from the October 15th total of 10,800 shares. Based on an average daily volume of 14,500 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Separately, Barclays upgraded shares of Sanlam to a “hold” rating in a report on Thursday, October 3rd.

Sanlam Price Performance

Shares of Sanlam stock traded down C$0.28 during midday trading on Wednesday, reaching C$9.62. 32,266 shares of the company’s stock traded hands, compared to its average volume of 14,051. Sanlam has a 12 month low of C$6.60 and a 12 month high of C$10.46. The stock has a 50 day moving average of C$9.98 and a 200-day moving average of C$9.09.

Sanlam Company Profile

Sanlam Limited provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, and internationally. The company operates through Sanlam Life and Savings, Sanlam Emerging Markets, Sanlam Investment Group, and Santam segments. It offers life, disability, severe illness, income protection, cancer, funeral, credit life, medical aid, gap cover, vehicle, house contents, buildings, all risk, buy and sell, business debt, key person, and group risk benefits insurance, as well as commercial insurance products consisting of office contents, theft, glass, personal accident, goods in transit, machinery breakdown, fire, business interruption, money, deterioration of stock, accidental damage, public liability, and electronic equipment.