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

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

Standard Chartered Price Performance

Shares of SCBFY traded up $0.37 during midday trading on Thursday, hitting $17.24. The company had a trading volume of 20,186 shares, compared to its average volume of 80,265. The company’s 50 day moving average price is $16.84 and its 200 day moving average price is $16.42. Standard Chartered has a 52 week low of $14.35 and a 52 week high of $19.75.

Standard Chartered Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, March 11th will be given a $0.4827 dividend. The ex-dividend date of this dividend is Friday, March 8th. This is an increase from Standard Chartered’s previous dividend of $0.10.

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.