Suncorp Group Limited (OTCMKTS:SNMCY) Sees Large Increase in Short Interest

Suncorp Group Limited (OTCMKTS:SNMCY) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 10,500 shares, a growth of 5,150.0% from the February 13th total of 200 shares. Based on an average trading volume of 3,900 shares, the short-interest ratio is presently 2.7 days.

Suncorp Group Stock Up 5.7 %

OTCMKTS SNMCY traded up $0.70 during trading hours on Wednesday, hitting $12.95. The company had a trading volume of 821 shares, compared to its average volume of 1,241. The firm’s 50 day moving average is $12.69 and its 200 day moving average is $12.50. Suncorp Group has a fifty-two week low of $9.90 and a fifty-two week high of $13.90.

Suncorp Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, February 24th will be paid a $0.1382 dividend. The ex-dividend date of this dividend is Monday, February 24th.

About Suncorp Group

Suncorp Group Limited provides insurance and banking products and services to retail, corporate, and commercial customers in Australia and New Zealand. The company operates through Insurance (Australia), Suncorp Bank, and Suncorp New Zealand segments. The Insurance (Australia) segment provides general insurance products and services, including home and contents, motor, marine, travel, commercial property, industrial special risk, public liability and professional indemnity, workers' compensation, and compulsory third-party products, as well as distributes life insurance products.