Short Interest in The Bidvest Group Limited (OTCMKTS:BDVSY) Increases By 100.0%

The Bidvest Group Limited (OTCMKTS:BDVSY) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 1,400 shares, an increase of 100.0% from the September 15th total of 700 shares. Based on an average trading volume of 17,500 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 17,500 shares, the days-to-cover ratio is currently 0.1 days.

The Bidvest Group Price Performance

OTCMKTS BDVSY opened at $25.87 on Wednesday. The company has a 50 day simple moving average of $25.75 and a 200-day simple moving average of $25.89. The Bidvest Group has a 52-week low of $21.00 and a 52-week high of $33.36.

The Bidvest Group Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, October 9th. Shareholders of record on Monday, September 29th were paid a dividend of $0.3912 per share. The ex-dividend date of this dividend was Friday, September 26th. This represents a dividend yield of 309.0%. The Bidvest Group’s dividend payout ratio (DPR) is 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.