Short Interest in Standard Chartered PLC (OTCMKTS:SCBFY) Decreases By 34.4%

Standard Chartered PLC (OTCMKTS:SCBFY) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 27,500 shares, a decrease of 34.4% from the August 31st total of 41,900 shares. Based on an average daily volume of 266,400 shares, the days-to-cover ratio is presently 0.1 days.

Standard Chartered Price Performance

OTCMKTS:SCBFY remained flat at $21.83 during midday trading on Friday. 67,730 shares of the company were exchanged, compared to its average volume of 102,862. The business’s 50-day simple moving average is $19.84 and its two-hundred day simple moving average is $18.89. Standard Chartered has a 1 year low of $14.35 and a 1 year high of $21.95.

Standard Chartered Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, October 25th. Stockholders of record on Monday, August 12th will be issued a $0.144 dividend. The ex-dividend date is Monday, August 12th.

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.