Nedbank Group Limited (OTCMKTS:NDBKY) Sees Significant Increase in Short Interest

Nedbank Group Limited (OTCMKTS:NDBKY) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 28,700 shares, a growth of 143.2% from the February 28th total of 11,800 shares. Based on an average trading volume of 27,800 shares, the short-interest ratio is presently 1.0 days.

Nedbank Group Stock Performance

OTCMKTS:NDBKY opened at $14.50 on Friday. Nedbank Group has a 52 week low of $11.20 and a 52 week high of $18.13. The stock’s fifty day moving average is $15.09 and its two-hundred day moving average is $15.93.

Nedbank Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, April 11th will be issued a $0.4646 dividend. This is a positive change from Nedbank Group’s previous dividend of $0.42. The ex-dividend date of this dividend is Friday, April 11th. Nedbank Group’s payout ratio is 60.04%.

Nedbank Group Company Profile

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.