Absa Group Limited (OTCMKTS:AGRPY) Short Interest Up 500.0% in April

Absa Group Limited (OTCMKTS:AGRPY) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 600 shares, an increase of 500.0% from the March 31st total of 100 shares. Based on an average daily volume of 2,000 shares, the short-interest ratio is presently 0.3 days.

Absa Group Price Performance

Shares of OTCMKTS:AGRPY opened at $14.59 on Friday. The firm has a 50 day simple moving average of $16.27 and a 200 day simple moving average of $17.34. Absa Group has a one year low of $14.36 and a one year high of $22.27.

Absa Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 2nd. Investors of record on Friday, April 19th will be paid a $0.5707 dividend. This is an increase from Absa Group’s previous dividend of $0.55. The ex-dividend date of this dividend is Thursday, April 18th. Absa Group’s dividend payout ratio is presently 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.