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

Nedbank Group Limited (OTCMKTS:NDBKY) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 29,400 shares, a decline of 15.3% from the December 31st total of 34,700 shares. Based on an average daily volume of 40,100 shares, the days-to-cover ratio is presently 0.7 days.

Nedbank Group Stock Down 2.6 %

Shares of OTCMKTS:NDBKY traded down $0.40 during trading on Friday, hitting $14.75. The stock had a trading volume of 6,210 shares, compared to its average volume of 16,461. The firm’s fifty day moving average is $15.65 and its 200 day moving average is $16.06. Nedbank Group has a 12 month low of $11.17 and a 12 month high of $18.13.

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.