Nedbank Group Limited (OTCMKTS:NDBKY) Sees Large Decrease in Short Interest

Nedbank Group Limited (OTCMKTS:NDBKY) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 7,400 shares, a decline of 33.3% from the September 15th total of 11,100 shares. Based on an average daily volume of 15,900 shares, the short-interest ratio is currently 0.5 days.

Nedbank Group Stock Up 2.7 %

Nedbank Group stock traded up $0.45 during midday trading on Friday, hitting $17.19. The stock had a trading volume of 17,748 shares, compared to its average volume of 8,348. Nedbank Group has a 12 month low of $10.25 and a 12 month high of $18.13. The business has a fifty day moving average price of $16.52 and a 200 day moving average price of $14.27.

Nedbank Group Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, September 6th were given a dividend of $0.4167 per share. The ex-dividend date was Friday, September 6th. Nedbank Group’s dividend payout ratio (DPR) is currently 53.52%.

About Nedbank Group

Nedbank Group Limited, together with its subsidiaries, provides various wholesale and retail banking services in South Africa and internationally. It offers personal banking solutions, including bank accounts; advisory, management, and stockbroking investment services; personal, home, and student loans; overdrafts, vehicle and solar finance, short-term loans, and credit cards; life, funeral, short term, credit, travel, and business insurance; and share trading, financial planning, retirement planning, will drafting, estate planning, and will and trust services, as well as private wealth solutions.