Nedbank Group Limited (OTCMKTS:NDBKY) Short Interest Down 50.5% in March

Nedbank Group Limited (OTCMKTS:NDBKY) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 14,200 shares, a decline of 50.5% from the March 15th total of 28,700 shares. Based on an average daily trading volume, of 32,800 shares, the days-to-cover ratio is currently 0.4 days.

Nedbank Group Stock Down 1.8 %

Nedbank Group stock traded down $0.23 during mid-day trading on Wednesday, reaching $12.90. The company’s stock had a trading volume of 258,783 shares, compared to its average volume of 20,639. Nedbank Group has a 12-month low of $11.20 and a 12-month high of $18.13. The firm’s fifty day moving average price is $14.42 and its two-hundred day moving average price is $15.51.

Nedbank Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.4646 per share. This is a positive change from Nedbank Group’s previous dividend of $0.42. The ex-dividend date is Friday, April 11th. Nedbank Group’s payout ratio is presently 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.