Sanlam Limited (OTCMKTS:SLLDY) Short Interest Update

Sanlam Limited (OTCMKTS:SLLDY) was the target of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 5,800 shares, a decline of 46.3% from the October 15th total of 10,800 shares. Based on an average daily trading volume, of 14,500 shares, the short-interest ratio is presently 0.4 days.

Sanlam Stock Down 2.8 %

Shares of Sanlam stock traded down C$0.28 on Wednesday, reaching C$9.62. The company’s stock had a trading volume of 32,266 shares, compared to its average volume of 14,051. Sanlam has a 52 week low of C$6.60 and a 52 week high of C$10.46. The firm’s fifty day simple moving average is C$9.98 and its two-hundred day simple moving average is C$9.09.

Wall Street Analyst Weigh In

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

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.