FirstRand Limited (OTCMKTS:FANDF) Short Interest Down 95.2% in March

FirstRand Limited (OTCMKTS:FANDF) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 64,700 shares, a decline of 95.2% from the February 28th total of 1,359,900 shares. Based on an average daily volume of 6,300 shares, the days-to-cover ratio is presently 10.3 days.

FirstRand Stock Performance

Shares of FANDF remained flat at $4.03 during mid-day trading on Thursday. The business has a 50-day moving average price of $4.01 and a two-hundred day moving average price of $4.29. FirstRand has a one year low of $3.35 and a one year high of $4.98.

About FirstRand

FirstRand Limited, together with its subsidiaries, provides transactional, lending, investment, and insurance products and services in South Africa, rest of Africa, the United Kingdom, Europe, Asia, the United States, and Australia. The company offers deposit and savings products; personal loans; and asset and invoice finance, as well as SME commercial, residential, and buy-to-let mortgages.