Absa Group Limited (OTCMKTS:AGRPY) Short Interest Up 25.9% in May

Absa Group Limited (OTCMKTS:AGRPY) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 3,400 shares, a growth of 25.9% from the April 30th total of 2,700 shares. Based on an average trading volume of 2,900 shares, the days-to-cover ratio is presently 1.2 days.

Absa Group Trading Down 1.6%

OTCMKTS AGRPY opened at $19.40 on Tuesday. The company has a 50 day moving average price of $18.25 and a two-hundred day moving average price of $19.68. Absa Group has a 12-month low of $15.27 and a 12-month high of $22.40.

Absa Group Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, May 9th. Shareholders of record on Monday, April 28th were paid a $0.6107 dividend. The ex-dividend date was Friday, April 25th. This is a boost from Absa Group’s previous dividend of $0.60. This represents a yield of 6.77%. Absa Group’s payout ratio is 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.