Absa Group Limited (OTCMKTS:AGRPY) Sees Large Growth in Short Interest

Absa Group Limited (OTCMKTS:AGRPY) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 700 shares, an increase of 250.0% from the November 30th total of 200 shares. Based on an average trading volume of 600 shares, the days-to-cover ratio is currently 1.2 days.

Absa Group Stock Performance

Absa Group stock remained flat at $20.57 during midday trading on Thursday. 4 shares of the company traded hands, compared to its average volume of 1,365. The stock has a 50-day moving average of $19.85 and a two-hundred day moving average of $18.89. Absa Group has a one year low of $14.36 and a one year high of $22.40.

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.