Sanlam Limited (OTCMKTS:SLLDY) Sees Significant Growth in Short Interest

Sanlam Limited (OTCMKTS:SLLDY) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 18,900 shares, an increase of 220.3% from the February 13th total of 5,900 shares. Based on an average trading volume of 22,200 shares, the short-interest ratio is currently 0.9 days.

Sanlam Stock Performance

Sanlam stock traded up C$0.02 during midday trading on Thursday, reaching C$9.22. 88,036 shares of the stock were exchanged, compared to its average volume of 25,946. Sanlam has a 52 week low of C$6.60 and a 52 week high of C$10.46. The company’s fifty day moving average is C$9.21 and its 200-day moving average is C$9.66.

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.