Short Interest in Investec Group (OTCMKTS:ITCFY) Grows By 50.0%

Investec Group (OTCMKTS:ITCFY) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totalling 300 shares, a growth of 50.0% from the August 31st total of 200 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is currently 3.0 days.

Investec Group Price Performance

Investec Group stock opened at $16.70 on Friday. The company’s fifty day moving average price is $15.82 and its 200 day moving average price is $14.37. Investec Group has a 1 year low of $12.59 and a 1 year high of $16.85.

Investec Group Increases Dividend

The business also recently announced a dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, August 23rd were paid a dividend of $0.3414 per share. The ex-dividend date of this dividend was Friday, August 23rd. This is a boost from Investec Group’s previous dividend of $0.27. Investec Group’s payout ratio is currently 8.19%.

About Investec Group

Investec Group provides various financial products and services in the United Kingdom, South Africa, and internationally. The company offers wealth and investment products and services, including portfolio management, wealth management, fund management, and custody related services; discretionary wealth management, financial planning, stockbroking, and investment advisory services for private clients, charities, and trusts.