Short Interest in Suncorp Group Limited (OTCMKTS:SNMCY) Grows By 1,525.0%

Suncorp Group Limited (OTCMKTS:SNMCY) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 13,000 shares, an increase of 1,525.0% from the August 15th total of 800 shares. Based on an average daily trading volume, of 3,500 shares, the short-interest ratio is currently 3.7 days.

Shares of SNMCY stock opened at $9.49 on Wednesday. The stock has a 50-day moving average of $8.93 and a 200-day moving average of $8.44. Suncorp Group has a 1-year low of $5.62 and a 1-year high of $9.82.

The business also recently declared a dividend, which will be paid on Wednesday, September 29th. Stockholders of record on Thursday, August 19th will be paid a $0.5498 dividend. The ex-dividend date is Wednesday, August 18th. This represents a dividend yield of 5.82%.

Separately, Credit Suisse Group raised Suncorp Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, August 10th.

About Suncorp Group

Suncorp Group Limited provides insurance, banking, and wealth products and services to retail, corporate, and commercial sectors in Australia and New Zealand. It operates through three segments: Insurance, Banking & Wealth, and Suncorp New Zealand segments. The Insurance segment designs, manufactures, and delivers general insurance products and services, including home and contents, motor, marine, travel, commercial property, industrial special risk, public liability and professional indemnity, workers' compensation, compulsory third party, loan protection, and equity and cash benefit products.

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