Short Interest in The Bidvest Group Limited (OTCMKTS:BDVSY) Increases By 650.0%

The Bidvest Group Limited (OTCMKTS:BDVSY) was the recipient of a large growth in short interest in November. As of November 15th, there was short interest totalling 1,500 shares, a growth of 650.0% from the October 31st total of 200 shares. Based on an average daily volume of 6,200 shares, the days-to-cover ratio is currently 0.2 days.

The Bidvest Group Stock Performance

Shares of BDVSY stock opened at $29.85 on Thursday. The stock’s fifty day moving average price is $32.15 and its 200 day moving average price is $30.71. The Bidvest Group has a 1-year low of $23.76 and a 1-year high of $34.55.

The Bidvest Group Increases Dividend

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