Standard Chartered PLC (OTCMKTS:SCBFF) Short Interest Up 49.6% in September

Standard Chartered PLC (OTCMKTS:SCBFF) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 288,600 shares, a growth of 49.6% from the August 31st total of 192,900 shares. Based on an average daily volume of 10,500 shares, the short-interest ratio is presently 27.5 days.

Standard Chartered Stock Performance

OTCMKTS:SCBFF remained flat at $9.90 during trading hours on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.84 and a current ratio of 0.84. The business’s fifty day moving average is $9.58 and its 200 day moving average is $9.19. Standard Chartered has a 1-year low of $7.06 and a 1-year high of $10.44. The firm has a market capitalization of $25.37 billion, a price-to-earnings ratio of 8.92 and a beta of 0.75.

Standard Chartered (OTCMKTS:SCBFF) last posted its earnings results on Tuesday, July 30th. The company reported $0.45 earnings per share for the quarter. Standard Chartered had a net margin of 8.56% and a return on equity of 8.80%. The business had revenue of $4.66 billion for the quarter. As a group, research analysts predict that Standard Chartered will post 1.66 EPS for the current fiscal year.

Standard Chartered Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Thursday, October 10th. Stockholders of record on Friday, August 9th will be issued a dividend of $0.09 per share. This represents a dividend yield of 1.05%. The ex-dividend date is Thursday, August 8th. Standard Chartered’s payout ratio is 16.22%.

Analyst Ratings Changes

Separately, UBS Group upgraded shares of Standard Chartered to a “strong-buy” rating in a research note on Thursday, August 1st.

Standard Chartered Company Profile

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.