Short Interest in Standard Bank Group Limited (OTCMKTS:SGBLY) Grows By 151.0%

Standard Bank Group Limited (OTCMKTS:SGBLY) saw a significant growth in short interest in September. As of September 15th, there was short interest totalling 102,900 shares, a growth of 151.0% from the August 31st total of 41,000 shares. Based on an average trading volume of 75,000 shares, the short-interest ratio is presently 1.4 days.

Standard Bank Group Price Performance

Shares of Standard Bank Group stock traded down $0.10 during trading hours on Thursday, hitting $14.36. The company’s stock had a trading volume of 13,552 shares, compared to its average volume of 29,387. The business has a fifty day moving average of $12.88 and a 200 day moving average of $11.20. Standard Bank Group has a 1-year low of $8.69 and a 1-year high of $14.68.

Standard Bank Group Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, September 26th. Investors of record on Monday, September 16th will be issued a dividend of $0.314 per share. This represents a yield of 4.53%. This is a positive change from Standard Bank Group’s previous dividend of $0.29. The ex-dividend date is Friday, September 13th. Standard Bank Group’s dividend payout ratio (DPR) is presently 40.39%.

About Standard Bank Group

Standard Bank Group Limited provides banking and financial products and services in South Africa and internationally. It offers transactional accounts and digital banking platforms; personal and business lending solutions to enhance cash flow; finance for buying, building, and maintaining home; foreign exchange services; trusts and third-party administration accounts; workplace solutions, such as payroll and HR, financial planning, and employer value banking; merchant solutions, including point-of-sale, ecommerce, digital payments, payment processing, and small business support; and cash management services.