Nedbank Group Limited (OTCMKTS:NDBKY) Sees Large Drop in Short Interest

Nedbank Group Limited (OTCMKTS:NDBKY) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 23,701 shares, a decrease of 16.7% from the November 30th total of 28,453 shares. Based on an average trading volume of 38,878 shares, the short-interest ratio is presently 0.6 days. Based on an average trading volume of 38,878 shares, the short-interest ratio is presently 0.6 days.

Nedbank Group Stock Performance

Shares of OTCMKTS:NDBKY traded up $0.36 on Wednesday, reaching $16.20. 3,206 shares of the company’s stock were exchanged, compared to its average volume of 21,705. Nedbank Group has a twelve month low of $11.75 and a twelve month high of $16.20. The company has a fifty day moving average of $15.03 and a 200-day moving average of $13.88.

About Nedbank Group

Nedbank Group (OTCMKTS:NDBKY) is a leading South African financial services provider headquartered in Sandton, Johannesburg. As one of the country’s “Big Four” banks, Nedbank offers a broad spectrum of banking and financial products to retail, business and corporate clients. Its core mission is to deliver innovative and sustainable financial solutions that support economic growth and meet the evolving needs of customers across various market segments.

The bank operates through several primary business units, including Retail and Business Banking, which serves individual consumers, small to medium-sized enterprises and commercial businesses; Corporate and Investment Banking, offering transactional banking, trade finance, corporate advisory and capital markets services; Wealth, Insurance and Asset Management, providing private banking, investment management, insurance solutions and trusts; and Treasury, which manages the group’s capital, liquidity and market risk exposures.

Nedbank’s footprint extends beyond South Africa into sub-Saharan Africa, with operations in over 30 countries through subsidiaries, branches and strategic partnerships.