Nedbank Group Limited (OTCMKTS:NDBKY) Short Interest Update

Nedbank Group Limited (OTCMKTS:NDBKYGet Rating) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totalling 3,800 shares, an increase of 171.4% from the April 15th total of 1,400 shares. Based on an average daily trading volume, of 14,700 shares, the days-to-cover ratio is presently 0.3 days.

Separately, Citigroup downgraded shares of Nedbank Group from a “buy” rating to a “neutral” rating in a research report on Monday, April 4th.

NDBKY traded up $0.02 during trading on Friday, reaching $12.91. The stock had a trading volume of 4,559 shares, compared to its average volume of 13,365. The stock’s 50 day moving average is $14.71 and its two-hundred day moving average is $12.83. Nedbank Group has a one year low of $9.29 and a one year high of $16.95.

The company also recently disclosed a dividend, which was paid on Thursday, April 21st. Shareholders of record on Friday, April 8th were issued a $0.3839 dividend. The ex-dividend date of this dividend was Thursday, April 7th. This represents a yield of 3.68%.

About Nedbank Group (Get Rating)

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 savings deposits and investment accounts; home and personal loans, student loans, vehicle finance products, private wealth finance solutions, overdrafts, and credit cards; and investment plans and services, financial and estate planning services, and wills and trust services, as well as professional banking, wealth management, non-resident and embassy banking, insurance, stock broking, and foreign exchange services.

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