Standard Bank Group Limited (OTCMKTS:SGBLY) Sees Large Growth in Short Interest
shares, a growth of 27.1% from the May 15th total of 16,900 shares. Based on an average daily volume of 49,600 shares, the days-to-cover ratio is presently 0.4 days. The number of shares shorted increased 27.1% in May.
( ) saw a notable increase in short interest for the month of may. On May 31, there were 21,500 short shares, an increase of 60.4% compared to the total of 13,400 on May 15. The days-to-cover is currently 0.3 days based on a daily average trading volume of 70,000 share.
Standard Bank Group Stock Performance
During Friday's trading hours, the stock rose $0.05 to $9.55. The stock of the company traded 41,229 share compared to an average of 30,484 shares. The stock's fifty-day moving is $8.71, and its 200-day moving is $9.47. A dividend was also paid by the firm on Friday, 21st April. Investors who had their accounts open on the 6th of April received a dividend of $0.2806. This yield is 5.51%. This dividend became payable on Wednesday, 5th April. This dividend is an increase from Standard Bank Group’s previous $0.22 dividend. Standard Bank Group has a dividend payout ratio of 40.39%.
Standard Bank Group Company profile
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Standard Bank Group Limited offers banking and financial services both in Africa and abroad. Standard Bank Group Limited offers digital banking platforms, transactional accounts, personal and business loans to improve cash flow, finance for home buying, construction, and maintenance, foreign exchange services, trusts, and third-party accounts. It also provides workplace solutions such as payroll, HR, financial planning and employer value banking, merchant solutions including point of sale, ecommerce and payment processing.
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