Short Interest in Standard Chartered PLC (OTCMKTS:SCBFF) Expands By 49.6%

Standard Chartered PLC (OTCMKTS:SCBFF) saw a significant growth in short interest during the month of 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 trading volume, of 10,500 shares, the short-interest ratio is presently 27.5 days.

Standard Chartered Price Performance

Shares of Standard Chartered stock remained flat at $9.90 during trading on Friday. Standard Chartered has a 1 year low of $7.06 and a 1 year high of $10.44. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.48. The stock has a market cap of $25.37 billion, a PE ratio of 8.92 and a beta of 0.75. The business’s 50-day moving average is $9.58 and its two-hundred day moving average is $9.19.

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

Standard Chartered Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, October 10th. Shareholders of record on Friday, August 9th will be issued a $0.09 dividend. This represents a yield of 1.05%. The ex-dividend date is Thursday, August 8th. Standard Chartered’s dividend payout ratio (DPR) is presently 16.22%.

Analysts Set New Price Targets

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

About Standard Chartered

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.