Nedbank Group Limited (OTCMKTS:NDBKY) Short Interest Up 172.7% in May

Nedbank Group Limited (OTCMKTS:NDBKY – Get Rating) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 3,000 shares, a growth of 172.7% from the April 30th total of 1,100 shares. Based on an average daily trading volume, of 21,300 shares, the short-interest ratio is currently 0.1 days.

Nedbank Group Stock Down 0.1 %

Shares of NDBKY traded down $0.01 during trading hours on Friday, reaching $10.79. 23,485 shares of the company traded hands, compared to its average volume of 11,034. The stock’s fifty day moving average is $11.47 and its 200 day moving average is $12.25. Nedbank Group has a 1-year low of $10.34 and a 1-year high of $15.49.

Nedbank Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, April 27th. Stockholders of record on Friday, April 14th were given a dividend of $0.3567 per share. This represents a dividend yield of 6.2%. The ex-dividend date was Thursday, April 13th. Nedbank Group’s dividend payout ratio is currently 46.99%.

About Nedbank Group

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Nedbank Group Ltd. is a bank holding company, which engages in the provision of financial services through its banking subsidiary, Nedbank Ltd. It operates through the following business segments: Corporate and Investment Banking, Retail and Business Banking, Wealth, Centre, and Africa Regions. The Corporate and Investment Banking segment offers a spectrum of transactional, corporate, investment banking, and market solutions.