Absa Group Limited (OTCMKTS:AGRPY) Short Interest Down 40.0% in October

Absa Group Limited (OTCMKTS:AGRPY) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 300 shares, a drop of 40.0% from the October 15th total of 500 shares. Based on an average daily volume of 400 shares, the short-interest ratio is currently 0.8 days.

Absa Group Price Performance

Shares of AGRPY opened at $19.30 on Wednesday. The firm has a 50 day simple moving average of $19.51 and a 200-day simple moving average of $18.07. Absa Group has a 1-year low of $14.36 and a 1-year high of $20.75.

Absa Group Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 13th were paid a $0.5992 dividend. This is a boost from Absa Group’s previous dividend of $0.57. The ex-dividend date of this dividend was Friday, September 13th. Absa Group’s payout ratio is presently 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.