Standard Bank Group Limited (OTCMKTS:SGBLY) Sees Significant Growth in Short Interest

Standard Bank Group Limited (OTCMKTS:SGBLY) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 123,700 shares, a growth of 43.8% from the March 15th total of 86,000 shares. Based on an average daily volume of 60,300 shares, the days-to-cover ratio is presently 2.1 days.

Standard Bank Group Stock Up 1.7 %

Shares of OTCMKTS SGBLY traded up $0.20 during midday trading on Friday, reaching $12.01. The stock had a trading volume of 53,926 shares, compared to its average volume of 49,807. The company’s 50 day moving average price is $12.24 and its 200 day moving average price is $12.61. Standard Bank Group has a twelve month low of $8.69 and a twelve month high of $14.68.

Standard Bank Group Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, April 11th will be paid a dividend of $0.315 per share. The ex-dividend date is Friday, April 11th. This is an increase from Standard Bank Group’s previous dividend of $0.31. Standard Bank Group’s dividend payout ratio (DPR) is currently 40.39%.

Standard Bank Group Company Profile

Standard Bank Group Limited provides banking and financial products and services in South Africa and internationally. It offers transactional accounts and digital banking platforms; personal and business lending solutions to enhance cash flow; finance for buying, building, and maintaining home; foreign exchange services; trusts and third-party administration accounts; workplace solutions, such as payroll and HR, financial planning, and employer value banking; merchant solutions, including point-of-sale, ecommerce, digital payments, payment processing, and small business support; and cash management services.