Short Interest in The Bidvest Group Limited (OTCMKTS:BDVSY) Grows By 163.2%

The Bidvest Group Limited (OTCMKTS:BDVSY) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 5,000 shares, an increase of 163.2% from the February 13th total of 1,900 shares. Based on an average trading volume of 9,800 shares, the short-interest ratio is presently 0.5 days.

The Bidvest Group Stock Up 0.6 %

OTCMKTS:BDVSY traded up $0.17 during mid-day trading on Friday, reaching $26.40. The stock had a trading volume of 3,129 shares, compared to its average volume of 6,412. The Bidvest Group has a 1-year low of $24.23 and a 1-year high of $34.55. The stock’s 50 day simple moving average is $27.51 and its two-hundred day simple moving average is $30.12.

The Bidvest Group Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, April 10th. Stockholders of record on Friday, March 28th will be given a $0.5125 dividend. This is a positive change from The Bidvest Group’s previous dividend of $0.38. The ex-dividend date is Friday, March 28th. The Bidvest Group’s dividend payout ratio (DPR) is presently 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.