Nedbank Group Limited (OTCMKTS:NDBKY) Sees Significant Decrease in Short Interest

Nedbank Group Limited (OTCMKTS:NDBKY) was the recipient of a large drop in short interest in the month of June. As of June 30th, there was short interest totalling 3,400 shares, a drop of 27.7% from the June 15th total of 4,700 shares. Based on an average daily trading volume, of 17,200 shares, the short-interest ratio is currently 0.2 days.

Nedbank Group Stock Down 2.0 %

Nedbank Group stock traded down $0.29 during trading hours on Monday, hitting $14.29. 4,948 shares of the company traded hands, compared to its average volume of 8,491. The firm’s 50-day simple moving average is $13.33 and its two-hundred day simple moving average is $12.36. Nedbank Group has a 1-year low of $9.98 and a 1-year high of $15.12.

About Nedbank Group

Nedbank Group Limited, together with its subsidiaries, provides various wholesale and retail banking services in South Africa and internationally. It offers personal banking solutions, including bank accounts; advisory, management, and stockbroking investment services; personal, home, and student loans; overdrafts, vehicle and solar finance, short-term loans, and credit cards; life, funeral, short term, credit, travel, and business insurance; and share trading, financial planning, retirement planning, will drafting, estate planning, and will and trust services, as well as private wealth solutions.