Absa Group Limited (OTCMKTS:AGRPY) Sees Significant Decline in Short Interest

Absa Group Limited (OTCMKTS:AGRPY) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 300 shares, a decrease of 50.0% from the September 15th total of 600 shares. Based on an average daily trading volume, of 1,800 shares, the days-to-cover ratio is presently 0.2 days.

Absa Group Price Performance

AGRPY opened at $19.25 on Friday. Absa Group has a 12-month low of $14.36 and a 12-month high of $21.02. The business’s fifty day simple moving average is $18.77 and its 200-day simple moving average is $17.42.

Absa Group Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were given a dividend of $0.5992 per share. The ex-dividend date of this dividend was Friday, September 13th. This is a boost from Absa Group’s previous dividend of $0.57. Absa Group’s dividend payout ratio (DPR) is 46.51%.

Absa Group Company Profile

Absa Group Limited, together with its subsidiaries, provides retail, business, corporate, investment banking, insurance, financial, and wealth management products and services in South Africa and internationally. It offers retail and business banking products and services; life and non-life insurance products; residential property-related finance solutions; mortgages; vehicle and asset finance products and services; cash, debit, credit and prepaid cards; personal loans; corporate, relationship and transactional banking services; mobile payments; and savings and investment products and services.