Short Interest in Standard Chartered PLC (OTCMKTS:SCBFY) Decreases By 71.0%

Standard Chartered PLC (OTCMKTS:SCBFY) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 10,900 shares, a decrease of 71.0% from the March 31st total of 37,600 shares. Based on an average daily trading volume, of 55,800 shares, the short-interest ratio is presently 0.2 days.

Standard Chartered Price Performance

Shares of SCBFY traded up $0.37 during mid-day trading on Thursday, hitting $17.24. 20,186 shares of the company’s stock were exchanged, compared to its average volume of 80,265. Standard Chartered has a fifty-two week low of $14.35 and a fifty-two week high of $19.75. The business’s 50 day moving average is $16.84 and its two-hundred day moving average is $16.42.

Standard Chartered Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, March 11th will be issued a dividend of $0.4827 per share. This is a boost from Standard Chartered’s previous dividend of $0.10. The ex-dividend date of this dividend is Friday, March 8th.

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.