Absa Group Limited (OTCMKTS:AGRPY) Sees Significant Decline in Short Interest

Absa Group Limited (OTCMKTS:AGRPY) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 300 shares, a drop of 57.1% from the December 31st total of 700 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is currently 0.4 days.

Absa Group Stock Performance

OTCMKTS AGRPY opened at $20.15 on Thursday. Absa Group has a 52 week low of $14.36 and a 52 week high of $22.40. The stock’s 50 day moving average price is $20.52 and its two-hundred day moving average price is $19.37.

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.