The Bidvest Group Limited (OTCMKTS:BDVSY) Sees Significant Decrease in Short Interest

The Bidvest Group Limited (OTCMKTS:BDVSY) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 200 shares, a decline of 93.9% from the October 15th total of 3,300 shares. Based on an average daily trading volume, of 4,400 shares, the days-to-cover ratio is presently 0.0 days.

The Bidvest Group Price Performance

OTCMKTS:BDVSY traded down $0.63 on Thursday, hitting $30.26. The company’s stock had a trading volume of 5,441 shares, compared to its average volume of 4,945. The Bidvest Group has a one year low of $23.76 and a one year high of $34.55. The stock has a fifty day moving average of $32.37 and a two-hundred day moving average of $30.48.

The Bidvest Group Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, October 10th. Investors of record on Friday, September 27th were paid a $0.3818 dividend. The ex-dividend date was Friday, September 27th. This is a boost from The Bidvest Group’s previous dividend of $0.38. The Bidvest Group’s dividend payout ratio is 44.45%.

The Bidvest Group Company Profile

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.