Capitec Bank Holdings Limited (OTCMKTS:CKHGY) Short Interest Update

Capitec Bank Holdings Limited (OTCMKTS:CKHGY) saw a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 1,058 shares, a drop of 57.1% from the February 12th total of 2,464 shares. Based on an average daily volume of 2,676 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 2,676 shares, the short-interest ratio is presently 0.4 days.

Capitec Bank Stock Down 1.8%

OTCMKTS:CKHGY opened at $127.22 on Wednesday. Capitec Bank has a twelve month low of $68.65 and a twelve month high of $149.76. The stock’s 50 day moving average price is $136.05 and its two-hundred day moving average price is $119.64.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group began coverage on shares of Capitec Bank in a report on Thursday, November 13th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy”.

About Capitec Bank

Capitec Bank is a South African retail bank founded in 2001 and headquartered in Stellenbosch. From its inception, the company has pursued a digital-first approach to banking, combining a network of branches and automated point-of-sale terminals with mobile and online platforms. Capitec’s streamlined service model targets individuals and small to medium-sized enterprises seeking straightforward banking solutions and transparent fee structures.

The bank’s core offerings include transactional accounts, savings products, unsecured personal loans and credit facilities.