Standard Bank Group Limited (OTCMKTS:SGBLY) Sees Large Increase in Short Interest

Standard Bank Group Limited (OTCMKTS:SGBLY) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 24,500 shares, a growth of 137.9% from the June 30th total of 10,300 shares. Based on an average daily volume of 24,800 shares, the days-to-cover ratio is currently 1.0 days.

Standard Bank Group Price Performance

Shares of OTCMKTS:SGBLY traded up $0.14 during midday trading on Friday, reaching $12.06. The company had a trading volume of 10,426 shares, compared to its average volume of 24,594. The business’s 50 day moving average price is $11.03 and its 200 day moving average price is $10.48. Standard Bank Group has a 1-year low of $8.69 and a 1-year high of $12.07.

Standard Bank Group Company Profile

Standard Bank Group Limited provides banking and financial products and services in South Africa and internationally. It offers transactional accounts and digital banking platforms; personal and business lending solutions to enhance cash flow; finance for buying, building, and maintaining home; foreign exchange services; trusts and third-party administration accounts; workplace solutions, such as payroll and HR, financial planning, and employer value banking; merchant solutions, including point-of-sale, ecommerce, digital payments, payment processing, and small business support; and cash management services.