Short Interest in abrdn plc (OTCMKTS:SLFPY) Decreases By 91.7%

abrdn plc (OTCMKTS:SLFPY) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 100 shares, a decline of 91.7% from the September 30th total of 1,200 shares. Based on an average daily volume of 1,600 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Several brokerages have recently commented on SLFPY. Barclays upgraded shares of abrdn to a “strong sell” rating in a research report on Thursday, October 10th. Citigroup raised shares of abrdn to a “hold” rating in a report on Thursday, October 10th.

abrdn Stock Performance

SLFPY remained flat at $7.80 during midday trading on Friday. The company’s stock had a trading volume of 61 shares, compared to its average volume of 1,239. abrdn has a 12-month low of $6.71 and a 12-month high of $9.42. The company’s 50 day simple moving average is $7.93 and its 200-day simple moving average is $7.80.

abrdn Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, October 9th. Shareholders of record on Friday, August 16th were paid a $0.317 dividend. The ex-dividend date was Friday, August 16th.

abrdn Company Profile

abrdn plc provides asset management services in the United Kingdom, Europe, North America, and Asia. The company offers investment solutions and funds; long-term savings and investment products to individual and corporate customers; and life insurance and savings products. It provides its products through institutional, wholesale, and retail distribution channels.