abrdn plc (OTCMKTS:SLFPY) Sees Significant Increase in Short Interest

abrdn plc (OTCMKTS:SLFPY) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 1,100 shares, a growth of 1,000.0% from the August 15th total of 100 shares. Based on an average daily volume of 200 shares, the short-interest ratio is currently 5.5 days.

abrdn Stock Performance

Shares of OTCMKTS:SLFPY remained flat at $7.67 during trading on Thursday. 6 shares of the stock were exchanged, compared to its average volume of 69. The business’s 50 day moving average is $8.10 and its two-hundred day moving average is $7.69. abrdn has a 12 month low of $6.71 and a 12 month high of $9.42.

abrdn Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Friday, August 16th will be given a dividend of $0.317 per share. The ex-dividend date is Friday, August 16th.

abrdn Company Profile

abrdn plc provides asset management services in the United Kingdom, Europe, North America, and Asia. The company offers investment solutions and funds; long-term savings and investment products to individual and corporate customers; and life insurance and savings products. It provides its products through institutional, wholesale, and retail distribution channels.