Short Interest in Standard Bank Group Limited (OTCMKTS:SGBLY) Expands By 42.7%

Standard Bank Group Limited (OTCMKTS:SGBLY) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 146,800 shares, an increase of 42.7% from the September 15th total of 102,900 shares. Based on an average daily volume of 47,400 shares, the days-to-cover ratio is presently 3.1 days.

Standard Bank Group Price Performance

SGBLY traded up $0.46 during mid-day trading on Friday, reaching $14.00. 22,945 shares of the stock were exchanged, compared to its average volume of 29,478. The company has a 50 day moving average price of $13.36 and a two-hundred day moving average price of $11.51. Standard Bank Group has a 1 year low of $8.69 and a 1 year high of $14.68.

Standard Bank Group Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, September 26th. Investors of record on Monday, September 16th were issued a $0.314 dividend. This is an increase from Standard Bank Group’s previous dividend of $0.29. This represents a dividend yield of 4.53%. The ex-dividend date was Friday, September 13th. Standard Bank Group’s payout ratio is 40.39%.

Standard Bank Group Company Profile

Standard Bank Group Limited provides banking and financial products and services in South Africa and internationally. It offers transactional accounts and digital banking platforms; personal and business lending solutions to enhance cash flow; finance for buying, building, and maintaining home; foreign exchange services; trusts and third-party administration accounts; workplace solutions, such as payroll and HR, financial planning, and employer value banking; merchant solutions, including point-of-sale, ecommerce, digital payments, payment processing, and small business support; and cash management services.