Suncorp Group Limited (OTCMKTS:SNMCY) Sees Significant Increase in Short Interest

Suncorp Group Limited (OTCMKTS:SNMCY) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 10,500 shares, a growth of 5,150.0% from the February 13th total of 200 shares. Based on an average daily volume of 3,900 shares, the days-to-cover ratio is currently 2.7 days.

Suncorp Group Trading Up 5.7 %

Shares of Suncorp Group stock opened at $12.95 on Thursday. The company’s fifty day simple moving average is $12.73 and its 200-day simple moving average is $12.50. Suncorp Group has a 1-year low of $9.90 and a 1-year high of $13.90.

Suncorp Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, February 24th will be given a dividend of $0.1382 per share. The ex-dividend date of this dividend is Monday, February 24th.

Suncorp Group Company Profile

Suncorp Group Limited provides insurance and banking products and services to retail, corporate, and commercial customers in Australia and New Zealand. The company operates through Insurance (Australia), Suncorp Bank, and Suncorp New Zealand segments. The Insurance (Australia) segment provides general insurance products and services, including home and contents, motor, marine, travel, commercial property, industrial special risk, public liability and professional indemnity, workers' compensation, and compulsory third-party products, as well as distributes life insurance products.