Capitec Bank Holdings Limited (OTCMKTS:CKHGY) Sees Significant Increase in Short Interest

Capitec Bank Holdings Limited (OTCMKTS:CKHGY) was the target of a large increase in short interest in October. As of October 15th, there was short interest totalling 1,000 shares, an increase of 25.0% from the September 30th total of 800 shares. Based on an average daily trading volume, of 3,400 shares, the days-to-cover ratio is presently 0.3 days.

Capitec Bank Stock Up 1.1 %

Capitec Bank stock traded up $0.97 during trading hours on Tuesday, reaching $89.23. 1,971 shares of the company were exchanged, compared to its average volume of 2,659. Capitec Bank has a 12 month low of $44.38 and a 12 month high of $93.00. The stock has a 50-day moving average of $86.01 and a 200 day moving average of $73.45.

Capitec Bank Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, November 5th. Shareholders of record on Friday, October 18th will be issued a $0.4296 dividend. The ex-dividend date is Friday, October 18th.

About Capitec Bank

Capitec Bank Holdings Limited, through its subsidiaries, provides various banking products and services in South Africa. The company operates through three segments: Retail Bank, Business Bank, and Insurance. It offers transactional banking services; fixed and tax-free savings, and call and notice deposits; term loans, credit facilities, mortgage loans, overdrafts, instalment sales and leases, credit and debit cards, and access facilities; rental finance; payment services; merchant services; and value-added services, as well as credit and life insurance products.