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

Absa Group Limited (OTCMKTS:AGRPY) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totalling 100 shares, a decline of 83.3% from the April 15th total of 600 shares. Based on an average daily volume of 6,700 shares, the short-interest ratio is presently 0.0 days.

Absa Group Stock Up 4.9 %

Shares of OTCMKTS:AGRPY traded up $0.75 during midday trading on Friday, reaching $15.99. The company’s stock had a trading volume of 332 shares, compared to its average volume of 2,160. The firm has a 50 day moving average of $15.92 and a 200-day moving average of $17.18. Absa Group has a 12-month low of $14.36 and a 12-month high of $22.27.

Absa Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, May 2nd. Shareholders of record on Friday, April 19th were paid a dividend of $0.5707 per share. This is a boost from Absa Group’s previous dividend of $0.55. The ex-dividend date was Thursday, April 18th. Absa Group’s payout ratio is presently 46.51%.

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.