Short Interest in Nedbank Group Limited (OTCMKTS:NDBKY) Rises By 141.3%

Nedbank Group Limited (OTCMKTS:NDBKY) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 11,100 shares, a growth of 141.3% from the August 31st total of 4,600 shares. Based on an average daily volume of 12,300 shares, the short-interest ratio is currently 0.9 days.

Nedbank Group Stock Performance

Shares of NDBKY stock traded up $0.60 during trading hours on Thursday, reaching $18.10. 5,004 shares of the company’s stock were exchanged, compared to its average volume of 8,429. Nedbank Group has a 1 year low of $9.98 and a 1 year high of $18.13. The company’s 50 day moving average is $15.90 and its two-hundred day moving average is $13.87.

Nedbank Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, September 6th were issued a $0.4167 dividend. The ex-dividend date of this dividend was Friday, September 6th. Nedbank Group’s dividend payout ratio (DPR) is currently 53.52%.

About Nedbank Group

Nedbank Group Limited, together with its subsidiaries, provides various wholesale and retail banking services in South Africa and internationally. It offers personal banking solutions, including bank accounts; advisory, management, and stockbroking investment services; personal, home, and student loans; overdrafts, vehicle and solar finance, short-term loans, and credit cards; life, funeral, short term, credit, travel, and business insurance; and share trading, financial planning, retirement planning, will drafting, estate planning, and will and trust services, as well as private wealth solutions.