Absa Group Limited (OTCMKTS:AGRPY) Short Interest Down 40.0% in October

Absa Group Limited (OTCMKTS:AGRPY) was the target of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 300 shares, a drop of 40.0% from the October 15th total of 500 shares. Based on an average daily trading volume, of 400 shares, the days-to-cover ratio is presently 0.8 days.

Absa Group Price Performance

OTCMKTS:AGRPY opened at $18.37 on Friday. Absa Group has a 1 year low of $14.36 and a 1 year high of $20.75. The stock has a 50-day moving average price of $19.47 and a two-hundred day moving average price of $18.10.

Absa Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 13th were given a dividend of $0.5992 per share. This is an increase from Absa Group’s previous dividend of $0.57. The ex-dividend date was Friday, September 13th. Absa Group’s dividend payout ratio is currently 46.51%.

Absa Group Company Profile

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.