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

The Bidvest Group Limited (OTCMKTS:BDVSY – Get Rating) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 10,600 shares, a drop of 17.2% from the March 31st total of 12,800 shares. Based on an average daily trading volume, of 74,500 shares, the short-interest ratio is currently 0.1 days.

Separately, Investec upgraded shares of The Bidvest Group from a “hold” rating to a “buy” rating in a research report on Tuesday, March 1st.

OTCMKTS:BDVSY opened at $27.52 on Wednesday. The Bidvest Group has a 1-year low of $21.43 and a 1-year high of $32.38. The firm’s fifty day moving average price is $29.20 and its 200 day moving average price is $26.22.

The firm also recently announced a dividend, which was paid on Thursday, April 7th. Shareholders of record on Friday, March 25th were issued a $0.3828 dividend. This represents a yield of 2.31%. The ex-dividend date was Thursday, March 24th.

The Bidvest Group Company Profile (Get Rating)

The Bidvest Group Limited operates in trading, services, and distribution businesses in South Africa and internationally. The company operates through Services, Branded Products, Freight, Automotive, Commercial Products, Financial Services, and Properties segments. It is involved in the online motor retailing and vehicle auctioneering activities; provision of road assistance, vehicle towing, tyre replacement/change, fuel top up, locksmith, and legal advice services; and manufacturing, distribution, and trading of consumer and industrial day-to-day branded products.

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