Standard Bank Group Limited (OTCMKTS:SGBLY) Short Interest Update

Standard Bank Group Limited (OTCMKTS:SGBLY) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 146,800 shares, a growth of 42.7% from the September 15th total of 102,900 shares. Based on an average trading volume of 47,400 shares, the days-to-cover ratio is presently 3.1 days.

Standard Bank Group Stock Performance

OTCMKTS SGBLY traded up $0.03 on Monday, reaching $14.03. 24,496 shares of the company were exchanged, compared to its average volume of 29,453. Standard Bank Group has a fifty-two week low of $8.69 and a fifty-two week high of $14.68. The business’s fifty day moving average price is $13.41 and its 200 day moving average price is $11.56.

Standard Bank Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, September 26th. Stockholders of record on Monday, September 16th were paid a $0.314 dividend. The ex-dividend date was Friday, September 13th. This is a boost from Standard Bank Group’s previous dividend of $0.29. This represents a dividend yield of 4.53%. Standard Bank Group’s payout ratio is presently 40.39%.

Standard Bank Group Company Profile

Standard Bank Group Limited provides banking and financial products and services in South Africa and internationally. It offers transactional accounts and digital banking platforms; personal and business lending solutions to enhance cash flow; finance for buying, building, and maintaining home; foreign exchange services; trusts and third-party administration accounts; workplace solutions, such as payroll and HR, financial planning, and employer value banking; merchant solutions, including point-of-sale, ecommerce, digital payments, payment processing, and small business support; and cash management services.