THE SIAM CEMENT/FGN SH VTG FPD (OTCMKTS:SCVPF) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 83,000 shares, a decline of 36.4% from the August 15th total of 130,500 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 830.0 days.
Separately, Goldman Sachs Group upgraded THE SIAM CEMENT/FGN SH VTG FPD from a “sell” rating to a “neutral” rating in a research note on Friday, August 28th.
SCVPF remained flat at $$12.00 during trading on Tuesday. The stock’s 50 day moving average is $12.00 and its 200-day moving average is $10.64. THE SIAM CEMENT/FGN SH VTG FPD has a 1-year low of $8.75 and a 1-year high of $12.79.
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