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

The Bidvest Group Limited (OTCMKTS:BDVSY) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 1,500 shares, a growth of 650.0% from the October 31st total of 200 shares. Based on an average daily trading volume, of 6,200 shares, the short-interest ratio is presently 0.2 days.

The Bidvest Group Price Performance

OTCMKTS:BDVSY traded down $0.01 during trading hours on Wednesday, hitting $30.22. 3,428 shares of the company’s stock traded hands, compared to its average volume of 4,953. The Bidvest Group has a 52 week low of $23.76 and a 52 week high of $34.55. The business’s fifty day simple moving average is $32.15 and its two-hundred day simple moving average is $30.71.

The Bidvest Group Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, October 10th. Shareholders of record on Friday, September 27th were given a dividend of $0.3818 per share. The ex-dividend date was Friday, September 27th. This is an increase from The Bidvest Group’s previous dividend of $0.38. The Bidvest Group’s payout ratio is currently 44.45%.

About The Bidvest Group

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.