Absa Group Limited (OTCMKTS:AGRPY) Short Interest Up 37.5% in March

Absa Group Limited (OTCMKTS:AGRPY) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 2,200 shares, a growth of 37.5% from the March 15th total of 1,600 shares. Based on an average trading volume of 700 shares, the short-interest ratio is currently 3.1 days.

Absa Group Stock Performance

OTCMKTS:AGRPY opened at $17.89 on Friday. Absa Group has a 52 week low of $14.36 and a 52 week high of $22.40. The stock’s fifty day moving average is $19.51 and its two-hundred day moving average is $19.84.

Absa Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 9th. Shareholders of record on Monday, April 28th will be given a $0.6107 dividend. The ex-dividend date of this dividend is Friday, April 25th. This represents a yield of 6.77%. This is a boost from Absa Group’s previous dividend of $0.60. Absa Group’s dividend payout ratio is presently 46.51%.

About Absa Group

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.