Standard Chartered PLC (OTCMKTS:SCBFF) Short Interest Update

Standard Chartered PLC (OTCMKTS:SCBFF) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 154,900 shares, a decline of 16.0% from the December 15th total of 184,500 shares. Based on an average trading volume of 1,600 shares, the short-interest ratio is currently 96.8 days.

Analysts Set New Price Targets

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

Standard Chartered Stock Performance

Shares of OTCMKTS:SCBFF traded down $0.37 on Friday, hitting $12.85. 450 shares of the company were exchanged, compared to its average volume of 4,763. The company’s 50 day moving average price is $12.19 and its two-hundred day moving average price is $10.71. Standard Chartered has a one year low of $7.06 and a one year high of $13.22. 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 firm has a market capitalization of $31.54 billion, a price-to-earnings ratio of 11.58 and a beta of 0.75.

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

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.