Absa Group Limited (OTCMKTS:AGRPY) Short Interest Update

Absa Group Limited (OTCMKTS:AGRPY) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 500 shares, an increase of 66.7% from the September 30th total of 300 shares. Based on an average daily volume of 600 shares, the days-to-cover ratio is presently 0.8 days.

Absa Group Stock Performance

Shares of Absa Group stock opened at $19.87 on Friday. Absa Group has a 1-year low of $14.36 and a 1-year high of $21.02. The firm has a fifty day simple moving average of $19.39 and a 200-day simple moving average of $17.71.

Absa Group Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were given a dividend of $0.5992 per share. This is a positive change from Absa Group’s previous dividend of $0.57. The ex-dividend date was Friday, September 13th. 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.