The Bidvest Group Limited (OTCMKTS:BDVSY) Sees Large Growth in Short Interest

The Bidvest Group Limited (OTCMKTS:BDVSY) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 1,100 shares, an increase of 450.0% from the December 31st total of 200 shares. Based on an average daily volume of 12,300 shares, the days-to-cover ratio is presently 0.1 days.

The Bidvest Group Price Performance

OTCMKTS BDVSY traded up $0.01 on Thursday, hitting $27.82. 4,084 shares of the company traded hands, compared to its average volume of 5,253. The business’s 50 day moving average price is $29.15 and its 200-day moving average price is $30.71. The Bidvest Group has a 52-week low of $23.76 and a 52-week high of $34.55.

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.