FirstRand Limited (OTCMKTS:FANDF) Sees Large Decline in Short Interest

FirstRand Limited (OTCMKTS:FANDF) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 5,900 shares, a drop of 60.4% from the June 30th total of 14,900 shares. Based on an average daily trading volume, of 1,300 shares, the days-to-cover ratio is presently 4.5 days.

FirstRand Stock Performance

FirstRand stock remained flat at $4.38 on Thursday. The company has a fifty day simple moving average of $3.89 and a 200-day simple moving average of $3.65. FirstRand has a 1-year low of $3.18 and a 1-year high of $4.38.

About FirstRand

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.