Absa Group Limited (OTCMKTS:AGRPY) Short Interest Up 500.0% in April

Absa Group Limited (OTCMKTS:AGRPY) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 600 shares, an increase of 500.0% from the March 31st total of 100 shares. Based on an average daily trading volume, of 2,000 shares, the days-to-cover ratio is presently 0.3 days.

Absa Group Trading Up 1.8 %

Shares of OTCMKTS AGRPY opened at $14.90 on Friday. Absa Group has a 12 month low of $14.36 and a 12 month high of $22.27. The company has a 50-day simple moving average of $16.33 and a 200-day simple moving average of $17.36.

Absa Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, May 2nd. Shareholders of record on Friday, April 19th will be given a dividend of $0.5707 per share. This is a boost from Absa Group’s previous dividend of $0.55. The ex-dividend date is Thursday, April 18th. Absa Group’s payout ratio is 46.51%.

About Absa Group

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.