Absa Group Limited (OTCMKTS:AGRPY) Short Interest Down 42.3% in June

Absa Group Limited (OTCMKTS:AGRPY) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 516 shares, a drop of 42.3% from the May 31st total of 895 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 804 shares, the days-to-cover ratio is currently 0.6 days.

Absa Group Price Performance

Absa Group stock opened at $27.54 on Wednesday. The stock has a market capitalization of $11.42 billion and a PE ratio of 0.94. The business has a 50 day simple moving average of $28.71 and a 200-day simple moving average of $29.58. Absa Group has a 12 month low of $19.23 and a 12 month high of $33.99.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Absa Group to a “hold” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

About Absa Group

Absa Group Limited is a South African-based financial services conglomerate headquartered in Johannesburg. The company offers a broad range of banking and financial products and services, including personal and business banking, corporate and investment banking, credit cards, wealth management and insurance solutions. Through its integrated platform, Absa delivers digital and branch-based services aimed at meeting the diverse needs of individual consumers, small- to medium-sized enterprises and large corporate clients.

In its retail banking division, Absa provides everyday banking services such as transactional accounts, home and vehicle finance, personal loans and savings products.