The Bidvest Group Limited (OTCMKTS:BDVSY) Sees Significant Increase in Short Interest

The Bidvest Group Limited (OTCMKTS:BDVSY) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 3,300 shares, a growth of 450.0% from the September 30th total of 600 shares. Based on an average trading volume of 5,300 shares, the days-to-cover ratio is presently 0.6 days.

The Bidvest Group Stock Performance

OTCMKTS BDVSY opened at $31.90 on Friday. The stock’s 50 day simple moving average is $32.40 and its 200 day simple moving average is $29.81. The Bidvest Group has a one year low of $23.76 and a one year high of $34.55.

The Bidvest Group Increases Dividend

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

About The Bidvest Group

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.