abrdn plc (OTCMKTS:SLFPF) Short Interest Up 31.4% in April

abrdn plc (OTCMKTS:SLFPFGet Rating) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 2,317,400 shares, an increase of 31.4% from the April 15th total of 1,763,800 shares. Based on an average trading volume of 2,800 shares, the short-interest ratio is currently 827.6 days.

SLFPF has been the subject of a number of research analyst reports. Berenberg Bank lowered shares of abrdn from a “buy” rating to a “hold” rating in a research report on Wednesday, January 26th. Credit Suisse Group started coverage on shares of abrdn in a research note on Tuesday, January 25th. They issued an “outperform” rating on the stock. Morgan Stanley lowered their target price on shares of abrdn from GBX 271 ($3.34) to GBX 225 ($2.77) in a research note on Tuesday, March 29th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of abrdn from GBX 235 ($2.90) to GBX 210 ($2.59) in a research note on Tuesday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, abrdn has an average rating of “Hold” and an average target price of $226.67.

OTCMKTS SLFPF remained flat at $$2.30 during trading hours on Wednesday. The stock’s 50 day simple moving average is $2.57 and its two-hundred day simple moving average is $2.98. abrdn has a 12 month low of $2.27 and a 12 month high of $4.90.

abrdn Company Profile (Get Rating)

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.

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