The Bidvest Group Limited (OTCMKTS:BDVSY) Short Interest Update

The Bidvest Group Limited (OTCMKTS:BDVSY) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totalling 600 shares, a decline of 71.4% from the September 15th total of 2,100 shares. Based on an average daily trading volume, of 6,900 shares, the short-interest ratio is currently 0.1 days.

The Bidvest Group Stock Performance

Shares of BDVSY stock opened at $31.32 on Friday. The Bidvest Group has a 12 month low of $23.76 and a 12 month high of $34.55. The company’s fifty day moving average price is $31.79 and its 200-day moving average price is $29.28.

The Bidvest Group Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, October 10th. Stockholders of record on Friday, September 27th were issued a dividend of $0.3818 per share. The ex-dividend date of this dividend was Friday, September 27th. This is a boost from The Bidvest Group’s previous dividend of $0.38. The Bidvest Group’s payout ratio is 44.45%.

The Bidvest Group Company Profile

The Bidvest Group Limited, an investment holding company, engages in services, trading, and distribution businesses in South Africa and internationally. The company operates through Adcock Ingram, Bidvest Automotive, Bidvest Commercial Products, Bidvest Financial Services, Bidvest Freight, Bidvest Branded Products, Bidvest Services South Africa, Bidvest Services International, Bidvest Properties, and Bidvest Corporate and Investments segments.