The Bidvest Group Limited (OTCMKTS:BDVSY) Short Interest Update

The Bidvest Group Limited (OTCMKTS:BDVSY) was the target of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 1,600 shares, a decline of 68.0% from the February 28th total of 5,000 shares. Based on an average daily trading volume, of 15,200 shares, the days-to-cover ratio is currently 0.1 days.

The Bidvest Group Stock Performance

OTCMKTS:BDVSY traded down $0.18 during midday trading on Friday, reaching $27.16. The stock had a trading volume of 3,061 shares, compared to its average volume of 7,417. The Bidvest Group has a 1-year low of $24.23 and a 1-year high of $34.55. The firm’s fifty day simple moving average is $27.39 and its 200-day simple moving average is $29.73.

The Bidvest Group Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, April 10th. Stockholders of record on Friday, March 28th will be paid a $0.5125 dividend. This is a boost from The Bidvest Group’s previous dividend of $0.38. The ex-dividend date of this dividend is Friday, March 28th. 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.