The Bidvest Group Limited (OTCMKTS:BDVSY) Sees Significant Growth in Short Interest

The Bidvest Group Limited (OTCMKTS:BDVSY) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 1,400 shares, a growth of 100.0% from the September 15th total of 700 shares. Based on an average daily trading volume, of 17,500 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 17,500 shares, the days-to-cover ratio is presently 0.1 days.

The Bidvest Group Trading Up 0.9%

OTCMKTS BDVSY opened at $25.74 on Monday. The business’s 50-day moving average price is $25.78 and its 200 day moving average price is $25.86. The Bidvest Group has a twelve month low of $21.00 and a twelve month high of $33.36.

The Bidvest Group Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, October 9th. Investors of record on Monday, September 29th were given a dividend of $0.3912 per share. The ex-dividend date was Friday, September 26th. This represents a yield of 309.0%. The Bidvest Group’s dividend payout ratio is 44.45%.

About The Bidvest Group

The Bidvest Group Limited, an investment holding company, engages in services, trading, and distribution businesses in South Africa and internationally. The company operates through Adcock Ingram, Bidvest Automotive, Bidvest Commercial Products, Bidvest Financial Services, Bidvest Freight, Bidvest Branded Products, Bidvest Services South Africa, Bidvest Services International, Bidvest Properties, and Bidvest Corporate and Investments segments.