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

The Bidvest Group Limited (OTCMKTS:BDVSY) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 600 shares, a drop of 71.4% from the September 15th total of 2,100 shares. Based on an average daily trading volume, of 6,900 shares, the short-interest ratio is presently 0.1 days.

The Bidvest Group Price Performance

The Bidvest Group stock opened at $32.28 on Friday. The company’s 50 day simple moving average is $31.85 and its 200 day simple moving average is $29.33. The Bidvest Group has a fifty-two week low of $23.76 and a fifty-two week high of $34.55.

The Bidvest Group Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, October 10th. Investors of record on Friday, September 27th were paid a dividend of $0.3818 per share. The ex-dividend date was Friday, September 27th. This is an increase from The Bidvest Group’s previous dividend of $0.38. The Bidvest Group’s dividend payout ratio (DPR) is presently 44.45%.

About The Bidvest Group

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.