Short Interest in Standard Bank Group Limited (OTCMKTS:SGBLY) Rises By 42.7%

Standard Bank Group Limited (OTCMKTS:SGBLY) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totalling 146,800 shares, an increase of 42.7% from the September 15th total of 102,900 shares. Based on an average daily trading volume, of 47,400 shares, the days-to-cover ratio is currently 3.1 days.

Standard Bank Group Stock Performance

Standard Bank Group stock traded up $0.46 during mid-day trading on Friday, hitting $14.00. The company’s stock had a trading volume of 22,945 shares, compared to its average volume of 29,478. The business has a 50 day moving average price of $13.36 and a 200-day moving average price of $11.51. Standard Bank Group has a 12 month low of $8.69 and a 12 month high of $14.68.

Standard Bank Group Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, September 26th. Shareholders of record on Monday, September 16th were paid a $0.314 dividend. The ex-dividend date of this dividend was Friday, September 13th. This is an increase from Standard Bank Group’s previous dividend of $0.29. This represents a yield of 4.53%. Standard Bank Group’s payout ratio is currently 40.39%.

Standard Bank Group Company Profile

Standard Bank Group Limited provides banking and financial products and services in South Africa and internationally. It offers transactional accounts and digital banking platforms; personal and business lending solutions to enhance cash flow; finance for buying, building, and maintaining home; foreign exchange services; trusts and third-party administration accounts; workplace solutions, such as payroll and HR, financial planning, and employer value banking; merchant solutions, including point-of-sale, ecommerce, digital payments, payment processing, and small business support; and cash management services.