Absa Group Limited (OTCMKTS:AGRPY) Sees Significant Drop in Short Interest

Absa Group Limited (OTCMKTS:AGRPY) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 300 shares, a decrease of 40.0% from the October 15th total of 500 shares. Based on an average trading volume of 400 shares, the days-to-cover ratio is currently 0.8 days.

Absa Group Stock Down 7.8 %

Shares of AGRPY stock opened at $17.80 on Thursday. The stock has a 50-day moving average of $19.50 and a 200-day moving average of $18.10. Absa Group has a one year low of $14.36 and a one year high of $20.75.

Absa Group Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 13th were paid a $0.5992 dividend. The ex-dividend date was Friday, September 13th. This is a boost from Absa Group’s previous dividend of $0.57. Absa Group’s dividend payout ratio is 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.