Short Interest in Absa Group Limited (OTCMKTS:AGRPY) Drops By 50.0%

Absa Group Limited (OTCMKTS:AGRPY) saw a large drop in short interest in September. As of September 30th, there was short interest totalling 300 shares, a drop of 50.0% from the September 15th total of 600 shares. Based on an average daily trading volume, of 1,800 shares, the days-to-cover ratio is currently 0.2 days.

Absa Group Trading Up 1.2 %

OTCMKTS AGRPY opened at $19.48 on Friday. Absa Group has a one year low of $14.36 and a one year high of $21.02. The stock has a 50-day moving average of $18.81 and a 200 day moving average of $17.45.

Absa Group Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 13th were issued a $0.5992 dividend. This is an increase from Absa Group’s previous dividend of $0.57. The ex-dividend date was Friday, September 13th. Absa Group’s dividend payout ratio (DPR) is presently 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.