The Bidvest Group Limited (OTCMKTS:BDVSY) Short Interest Update

The Bidvest Group Limited (OTCMKTS:BDVSY) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 1,600 shares, a decrease of 68.0% from the February 28th total of 5,000 shares. Based on an average daily trading volume, of 15,200 shares, the days-to-cover ratio is presently 0.1 days.

The Bidvest Group Stock Down 2.6 %

Shares of BDVSY stock traded down $0.72 during trading hours on Friday, hitting $26.45. 3,016 shares of the company were exchanged, compared to its average volume of 7,336. The business has a 50 day moving average of $27.36 and a two-hundred day moving average of $29.69. The Bidvest Group has a 52 week low of $24.23 and a 52 week high of $34.55.

The Bidvest Group Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, April 10th. Investors of record on Friday, March 28th will be paid a $0.5125 dividend. The ex-dividend date of this dividend is Friday, March 28th. This is a boost from The Bidvest Group’s previous dividend of $0.38. The Bidvest Group’s dividend payout ratio is currently 44.45%.

About The Bidvest Group

The Bidvest Group Limited, an investment holding company, engages in services, trading, and distribution businesses in South Africa and internationally. The company operates through Adcock Ingram, Bidvest Automotive, Bidvest Commercial Products, Bidvest Financial Services, Bidvest Freight, Bidvest Branded Products, Bidvest Services South Africa, Bidvest Services International, Bidvest Properties, and Bidvest Corporate and Investments segments.