Standard Chartered PLC (OTCMKTS:SCBFF) Short Interest Update

Standard Chartered PLC (OTCMKTS:SCBFF) was the target of a large drop in short interest in December. As of December 15th, there was short interest totalling 184,500 shares, a drop of 15.8% from the November 30th total of 219,200 shares. Based on an average daily volume of 22,300 shares, the short-interest ratio is currently 8.3 days.

Standard Chartered Stock Performance

Shares of OTCMKTS SCBFF remained flat at $11.95 during midday trading on Monday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.48. Standard Chartered has a 1 year low of $7.06 and a 1 year high of $12.87. The business has a 50-day simple moving average of $11.94 and a two-hundred day simple moving average of $10.43. The stock has a market cap of $29.32 billion, a price-to-earnings ratio of 10.76 and a beta of 0.75.

Standard Chartered (OTCMKTS:SCBFF) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.06). Standard Chartered had a return on equity of 8.80% and a net margin of 8.56%. The company had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $4.82 billion. On average, equities research analysts forecast that Standard Chartered will post 1.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded Standard Chartered from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 3rd.

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.