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

Nedbank Group Limited (OTCMKTS:NDBKY) was the target of a significant growth in short interest during 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 days-to-cover ratio is presently 1.0 days.

Nedbank Group Stock Down 2.0 %

Shares of OTCMKTS:NDBKY opened at $14.50 on Friday. The business’s 50 day moving average price is $15.09 and its 200-day moving average price is $15.93. Nedbank Group has a 1 year low of $11.20 and a 1 year high of $18.13.

Nedbank Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.4646 per share. 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 dividend payout ratio is presently 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.