Absa Group Limited (OTCMKTS:AGRPY) Short Interest Update

Absa Group Limited (OTCMKTS:AGRPY – Get Rating) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 1,400 shares, a growth of 1,300.0% from the April 15th total of 100 shares. Based on an average daily volume of 300 shares, the short-interest ratio is currently 4.7 days.

Separately, HSBC downgraded Absa Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 16th.

AGRPY stock remained flat at $$19.67 during trading on Wednesday. The company had a trading volume of 109 shares, compared to its average volume of 696. The stock has a 50 day moving average price of $24.03 and a 200-day moving average price of $21.39. Absa Group has a 1-year low of $16.75 and a 1-year high of $26.78.

The firm also recently disclosed a dividend, which was paid on Thursday, May 5th. Stockholders of record on Friday, April 22nd were given a $0.487 dividend. This represents a dividend yield of 3.29%. The ex-dividend date of this dividend was Thursday, April 21st.

Absa Group Company Profile (Get Rating)

Absa Group Limited, together with its subsidiaries, provides various financial products and services in South Africa and internationally. The company operates through Retail and Business Banking; Corporate and Investment Banking; and Head Office, Treasury and Other Operations. It provides retail, business, corporate, investment banking, insurance, financial, and wealth management products and services.

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