Short Interest in The Bidvest Group Limited (OTCMKTS:BDVSY) Drops By 68.0%

The Bidvest Group Limited (OTCMKTS:BDVSY) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 1,600 shares, a drop of 68.0% from the February 28th total of 5,000 shares. Based on an average daily trading volume, of 15,200 shares, the short-interest ratio is presently 0.1 days.

The Bidvest Group Trading Down 2.6 %

Shares of OTCMKTS BDVSY traded down $0.72 during mid-day trading on Friday, hitting $26.45. 3,016 shares of the stock traded hands, compared to its average volume of 7,336. The stock has a fifty day moving average price of $27.36 and a 200-day moving average price of $29.69. The Bidvest Group has a 52 week low of $24.23 and a 52 week high of $34.55.

The Bidvest Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, April 10th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.5125 per share. The ex-dividend date is Friday, March 28th. This is a boost from The Bidvest Group’s previous dividend of $0.38. The Bidvest Group’s payout ratio is 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.