Short Interest in Nedbank Group Limited (OTCMKTS:NDBKY) Increases By 118.5%

Nedbank Group Limited (OTCMKTS:NDBKY) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 11,800 shares, an increase of 118.5% from the February 13th total of 5,400 shares. Based on an average daily volume of 13,900 shares, the days-to-cover ratio is presently 0.8 days.

Nedbank Group Trading Up 3.2 %

Shares of NDBKY traded up $0.46 on Friday, reaching $14.87. The stock had a trading volume of 6,767 shares, compared to its average volume of 13,917. The company has a 50-day simple moving average of $15.18 and a 200-day simple moving average of $16.06. Nedbank Group has a 12-month low of $11.20 and a 12-month high of $18.13.

About Nedbank Group

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.