The Bidvest Group Limited (OTCMKTS:BDVSY) Short Interest Up 163.2% in February

The Bidvest Group Limited (OTCMKTS:BDVSY) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 5,000 shares, an increase of 163.2% from the February 13th total of 1,900 shares. Based on an average trading volume of 9,800 shares, the days-to-cover ratio is presently 0.5 days.

The Bidvest Group Trading Up 0.6 %

Shares of The Bidvest Group stock traded up $0.17 on Friday, reaching $26.40. 3,129 shares of the stock were exchanged, compared to its average volume of 6,412. The business has a 50 day moving average price of $27.51 and a two-hundred day moving average price of $30.12. The Bidvest Group has a twelve month low of $24.23 and a twelve month high of $34.55.

The Bidvest Group Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, April 10th. Stockholders of record on Friday, March 28th will be given a $0.5125 dividend. This is an increase from The Bidvest Group’s previous dividend of $0.38. The ex-dividend date of this dividend is Friday, March 28th. The Bidvest Group’s dividend payout ratio is presently 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.