Nedbank Group Limited (OTCMKTS:NDBKY) Short Interest Up 143.2% in March

Nedbank Group Limited (OTCMKTS:NDBKY) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 28,700 shares, an increase of 143.2% from the February 28th total of 11,800 shares. Based on an average daily volume of 27,800 shares, the short-interest ratio is presently 1.0 days.

Nedbank Group Price Performance

Shares of OTCMKTS NDBKY traded down $0.49 during trading on Friday, hitting $14.01. 7,048 shares of the company traded hands, compared to its average volume of 14,986. The business’s fifty day moving average is $15.07 and its 200 day moving average is $15.92. Nedbank Group has a fifty-two week low of $11.20 and a fifty-two week high of $18.13.

Nedbank Group Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, April 11th will be paid a dividend of $0.4646 per share. This is an increase from Nedbank Group’s previous dividend of $0.42. The ex-dividend date is Friday, April 11th. Nedbank Group’s dividend payout ratio is 60.04%.

About Nedbank Group

Nedbank Group Limited, together with its subsidiaries, provides various wholesale and retail banking services in South Africa and internationally. It offers personal banking solutions, including bank accounts; advisory, management, and stockbroking investment services; personal, home, and student loans; overdrafts, vehicle and solar finance, short-term loans, and credit cards; life, funeral, short term, credit, travel, and business insurance; and share trading, financial planning, retirement planning, will drafting, estate planning, and will and trust services, as well as private wealth solutions.