Short Interest in Absa Group Limited (OTCMKTS:AGRPY) Declines By 40.0%

Absa Group Limited (OTCMKTS:AGRPY) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 300 shares, a decrease of 40.0% from the October 15th total of 500 shares. Based on an average daily trading volume, of 400 shares, the short-interest ratio is presently 0.8 days.

Absa Group Stock Up 3.2 %

AGRPY opened at $18.37 on Friday. The company has a fifty day moving average price of $19.47 and a two-hundred day moving average price of $18.10. Absa Group has a 52 week low of $14.36 and a 52 week high of $20.75.

Absa Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 13th were issued a $0.5992 dividend. The ex-dividend date of this dividend was Friday, September 13th. This is an increase from Absa Group’s previous dividend of $0.57. Absa Group’s dividend payout ratio is currently 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.