Short Interest in Standard Bank Group Limited (OTCMKTS:SGBLY) Decreases By 20.3%

Standard Bank Group Limited (OTCMKTS:SGBLY) was the target of a large decline in short interest in October. As of October 15th, there was short interest totalling 117,000 shares, a decline of 20.3% from the September 30th total of 146,800 shares. Based on an average daily volume of 55,600 shares, the short-interest ratio is presently 2.1 days.

Standard Bank Group Stock Performance

Shares of OTCMKTS SGBLY traded down $0.15 during midday trading on Friday, hitting $13.40. The stock had a trading volume of 26,298 shares, compared to its average volume of 29,105. Standard Bank Group has a 1-year low of $8.69 and a 1-year high of $14.68. The company has a fifty day moving average price of $13.65 and a 200 day moving average price of $11.78.

Standard Bank Group Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, September 26th. Investors of record on Monday, September 16th were issued a dividend of $0.314 per share. This is an increase from Standard Bank Group’s previous dividend of $0.29. This represents a dividend yield of 4.53%. The ex-dividend date was Friday, September 13th. Standard Bank Group’s dividend payout ratio (DPR) is presently 40.39%.

About Standard Bank Group

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.