Short Interest in Standard Bank Group Limited (OTCMKTS:SGBLY) Drops By 41.2%

Standard Bank Group Limited (OTCMKTS:SGBLY) saw a significant decrease in short interest in February. As of February 15th, there was short interest totalling 23,400 shares, a decrease of 41.2% from the January 31st total of 39,800 shares. Based on an average trading volume of 98,000 shares, the short-interest ratio is currently 0.2 days.

Standard Bank Group Stock Performance

Standard Bank Group stock traded down $0.40 during mid-day trading on Friday, reaching $11.69. 56,093 shares of the company’s stock were exchanged, compared to its average volume of 44,610. The business’s fifty day simple moving average is $11.87 and its 200 day simple moving average is $12.91. Standard Bank Group has a one year low of $8.69 and a one year high of $14.68.

About Standard Bank Group

Standard Bank Group Limited provides banking and financial products and services in South Africa and internationally. It offers transactional accounts and digital banking platforms; personal and business lending solutions to enhance cash flow; finance for buying, building, and maintaining home; foreign exchange services; trusts and third-party administration accounts; workplace solutions, such as payroll and HR, financial planning, and employer value banking; merchant solutions, including point-of-sale, ecommerce, digital payments, payment processing, and small business support; and cash management services.