Investec Group (OTCMKTS:ITCFY) Sees Large Increase in Short Interest

Investec Group (OTCMKTS:ITCFY) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 200 shares, a growth of 100.0% from the June 30th total of 100 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 2.0 days.

Investec Group Price Performance

Shares of ITCFY stock remained flat at $15.73 during mid-day trading on Friday. Investec Group has a 1-year low of $12.59 and a 1-year high of $16.15. The business’s fifty day moving average price is $14.36 and its 200-day moving average price is $13.69.

Investec Group Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, September 23rd. Shareholders of record on Friday, August 23rd will be issued a $0.3414 dividend. This is a boost from Investec Group’s previous dividend of $0.27. The ex-dividend date of this dividend is Friday, August 23rd. Investec Group’s dividend payout ratio is currently 6.20%.

Investec Group Company Profile

Investec Group provides various financial products and services in the United Kingdom, South Africa, and internationally. The company offers wealth and investment products and services, including portfolio management, wealth management, fund management, and custody related services; discretionary wealth management, financial planning, stockbroking, and investment advisory services for private clients, charities, and trusts.