The Bidvest Group Limited (OTCMKTS:BDVSY) Short Interest Up 600.0% in October

The Bidvest Group Limited (OTCMKTS:BDVSY) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 9,800 shares, a growth of 600.0% from the September 30th total of 1,400 shares. Based on an average daily volume of 29,600 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 29,600 shares, the short-interest ratio is presently 0.3 days.

The Bidvest Group Trading Up 0.7%

BDVSY stock opened at $26.57 on Wednesday. The Bidvest Group has a fifty-two week low of $21.00 and a fifty-two week high of $33.36. The stock has a fifty day moving average of $25.66 and a 200-day moving average of $26.05.

The Bidvest Group Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, October 9th. Stockholders of record on Monday, September 29th were paid a dividend of $0.3912 per share. The ex-dividend date was Friday, September 26th. This represents a dividend yield of 309.0%. The Bidvest Group’s dividend payout ratio is presently 44.45%.

The Bidvest Group Company Profile

The Bidvest Group Limited, an investment holding company, engages in services, trading, and distribution businesses in South Africa and internationally. The company operates through Adcock Ingram, Bidvest Automotive, Bidvest Commercial Products, Bidvest Financial Services, Bidvest Freight, Bidvest Branded Products, Bidvest Services South Africa, Bidvest Services International, Bidvest Properties, and Bidvest Corporate and Investments segments.