Absa Group Limited (OTCMKTS:AGRPY) Short Interest Up 37.5% in March

Absa Group Limited (OTCMKTS:AGRPY) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 2,200 shares, a growth of 37.5% from the March 15th total of 1,600 shares. Based on an average daily trading volume, of 700 shares, the days-to-cover ratio is presently 3.1 days.

Absa Group Stock Performance

AGRPY stock opened at $17.89 on Friday. Absa Group has a fifty-two week low of $14.36 and a fifty-two week high of $22.40. The company’s 50 day moving average price is $19.51 and its 200 day moving average price is $19.84.

Absa Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 9th. Stockholders of record on Monday, April 28th will be given a dividend of $0.6107 per share. This is a boost from Absa Group’s previous dividend of $0.60. This represents a dividend yield of 6.77%. The ex-dividend date of this dividend is Friday, April 25th. Absa Group’s payout ratio is 46.51%.

Absa Group Company Profile

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.