Short Interest in Pick n Pay Stores Limited (OTCMKTS:PKPYY) Drops By 75.0%

Pick n Pay Stores Limited (OTCMKTS:PKPYY) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 100 shares, a decrease of 75.0% from the August 15th total of 400 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 1.0 days.

Pick n Pay Stores Stock Performance

Pick n Pay Stores stock remained flat at $6.84 during trading on Friday. Pick n Pay Stores has a one year low of $5.00 and a one year high of $7.44. The stock’s 50 day moving average price is $6.54 and its 200-day moving average price is $5.80.

Pick n Pay Stores Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, August 26th. Investors of record on Monday, August 19th were paid a $0.9855 dividend. This is an increase from Pick n Pay Stores’s previous dividend of $0.56. The ex-dividend date was Monday, August 19th. Pick n Pay Stores’s dividend payout ratio is presently 52.92%.

About Pick n Pay Stores

Pick n Pay Stores Limited, together with its subsidiaries, engages in the retail of food, grocery, clothing, liquor, and general merchandise products in South Africa and Rest of Africa. It owns and franchises hypermarkets, supermarkets, clothing stores, liquor stores, superstores, build stores, punch stores, and express stores under the Pick n Pay and Boxer brands.