Short Interest in Absa Group Limited (OTCMKTS:AGRPY) Expands By 1,200.0%

Absa Group Limited (OTCMKTS:AGRPY) was the recipient of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 1,300 shares, a growth of 1,200.0% from the May 15th total of 100 shares. Based on an average daily trading volume, of 2,000 shares, the short-interest ratio is presently 0.7 days.

Absa Group Trading Up 0.0 %

Shares of AGRPY stock opened at $16.43 on Thursday. Absa Group has a 1 year low of $14.36 and a 1 year high of $22.27. The firm’s fifty day moving average price is $16.05 and its two-hundred day moving average price is $16.76.

Absa Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, May 2nd. Stockholders of record on Friday, April 19th were paid a dividend of $0.5707 per share. The ex-dividend date was Thursday, April 18th. This is a positive change from Absa Group’s previous dividend of $0.55. Absa Group’s payout ratio is currently 46.51%.

About Absa Group

Absa Group Limited, together with its subsidiaries, provides retail, business, corporate, investment banking, insurance, financial, and wealth management products and services in South Africa and internationally. It offers retail and business banking products and services; life and non-life insurance products; residential property-related finance solutions; mortgages; vehicle and asset finance products and services; cash, debit, credit and prepaid cards; personal loans; corporate, relationship and transactional banking services; mobile payments; and savings and investment products and services.