Sanlam Limited (OTCMKTS:SLLDY) Short Interest Up 573.9% in December

Sanlam Limited (OTCMKTS:SLLDY) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 15,500 shares, a growth of 573.9% from the November 30th total of 2,300 shares. Based on an average daily trading volume, of 27,400 shares, the days-to-cover ratio is presently 0.6 days.

Wall Street Analyst Weigh In

Separately, Barclays upgraded shares of Sanlam to a “hold” rating in a research report on Thursday, October 3rd.

Sanlam Stock Down 0.1 %

SLLDY traded down C$0.01 during trading on Friday, reaching C$9.31. 10,399 shares of the stock were exchanged, compared to its average volume of 14,515. Sanlam has a 1 year low of C$6.60 and a 1 year high of C$10.46. The business’s 50 day moving average price is C$9.93 and its two-hundred day moving average price is C$9.53.

Sanlam Company Profile

Sanlam Limited provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, and internationally. The company operates through Sanlam Life and Savings, Sanlam Emerging Markets, Sanlam Investment Group, and Santam segments. It offers life, disability, severe illness, income protection, cancer, funeral, credit life, medical aid, gap cover, vehicle, house contents, buildings, all risk, buy and sell, business debt, key person, and group risk benefits insurance, as well as commercial insurance products consisting of office contents, theft, glass, personal accident, goods in transit, machinery breakdown, fire, business interruption, money, deterioration of stock, accidental damage, public liability, and electronic equipment.