Standard Chartered PLC (OTCMKTS:SCBFY) Sees Large Growth in Short Interest

Standard Chartered PLC (OTCMKTS:SCBFY) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 24,300 shares, an increase of 185.9% from the February 28th total of 8,500 shares. Based on an average daily volume of 140,900 shares, the short-interest ratio is presently 0.2 days.

Standard Chartered Stock Performance

Shares of OTCMKTS SCBFY traded down $0.18 during trading on Thursday, hitting $30.94. The stock had a trading volume of 36,468 shares, compared to its average volume of 78,410. Standard Chartered has a 12 month low of $16.03 and a 12 month high of $32.47. The firm has a fifty day moving average of $29.18 and a two-hundred day moving average of $25.41.

Standard Chartered Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Friday, March 28th will be issued a dividend of $0.6578 per share. The ex-dividend date is Friday, March 28th. This is a positive change from Standard Chartered’s previous dividend of $0.14.

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.