Absa Group Limited (OTCMKTS:AGRPY) Short Interest Down 50.0% in September

Absa Group Limited (OTCMKTS:AGRPY) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 300 shares, a drop of 50.0% from the September 15th total of 600 shares. Based on an average trading volume of 1,800 shares, the days-to-cover ratio is presently 0.2 days.

Absa Group Stock Performance

Shares of AGRPY opened at $19.48 on Friday. The company’s 50-day moving average price is $18.77 and its 200 day moving average price is $17.42. Absa Group has a 12-month low of $14.36 and a 12-month high of $21.02.

Absa Group Increases Dividend

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