Nedbank Group Limited (OTCMKTS:NDBKY) Short Interest Up 143.2% in March

Nedbank Group Limited (OTCMKTS:NDBKY) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 28,700 shares, an increase of 143.2% from the February 28th total of 11,800 shares. Based on an average daily trading volume, of 27,800 shares, the days-to-cover ratio is presently 1.0 days.

Nedbank Group Price Performance

NDBKY stock traded down $0.49 during midday trading on Friday, hitting $14.01. The stock had a trading volume of 7,048 shares, compared to its average volume of 14,986. The business has a fifty day moving average price of $15.07 and a two-hundred day moving average price of $15.92. 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 disclosed a dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, April 11th will be given a $0.4646 dividend. The ex-dividend date is Friday, April 11th. This is a positive change from Nedbank Group’s previous dividend of $0.42. Nedbank Group’s dividend payout ratio (DPR) is 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.