The Bidvest Group Limited (OTCMKTS:BDVSY) Sees Significant Growth in Short Interest

The Bidvest Group Limited (OTCMKTS:BDVSY) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 2,100 shares, a growth of 90.9% from the August 31st total of 1,100 shares. Based on an average trading volume of 4,300 shares, the days-to-cover ratio is presently 0.5 days.

The Bidvest Group Price Performance

Shares of The Bidvest Group stock traded down $0.41 during midday trading on Friday, reaching $34.00. The company had a trading volume of 2,780 shares, compared to its average volume of 5,403. The stock has a fifty day moving average price of $31.22 and a 200 day moving average price of $28.87. The Bidvest Group has a fifty-two week low of $23.76 and a fifty-two week high of $34.55.

The Bidvest Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, October 10th. Stockholders of record on Friday, September 27th will be given a dividend of $0.3818 per share. The ex-dividend date is Friday, September 27th. This is a boost from The Bidvest Group’s previous dividend of $0.38. The Bidvest Group’s dividend payout ratio is 44.45%.

The Bidvest Group Company Profile

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.