The Bidvest Group Limited (OTCMKTS:BDVSY) Short Interest Up 1,050.0% in March

The Bidvest Group Limited (OTCMKTS:BDVSY) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 2,300 shares, a growth of 1,050.0% from the February 29th total of 200 shares. Based on an average trading volume of 4,900 shares, the short-interest ratio is presently 0.5 days.

The Bidvest Group Stock Performance

Shares of The Bidvest Group stock opened at $25.57 on Thursday. The Bidvest Group has a 52-week low of $23.76 and a 52-week high of $31.68. The stock’s 50-day simple moving average is $25.61 and its 200 day simple moving average is $26.98.

The Bidvest Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, April 12th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.3757 per share. The ex-dividend date is Wednesday, March 27th. This is a boost from The Bidvest Group’s previous dividend of $0.35. The Bidvest Group’s dividend payout ratio is currently 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.