The Bidvest Group Limited (OTCMKTS:BDVSY) Sees Significant Growth in Short Interest

The Bidvest Group Limited (OTCMKTS:BDVSY) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 16,512 shares, a growth of 98.1% from the June 30th total of 8,334 shares. Based on an average daily volume of 30,954 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the shares of the stock are sold short.

The Bidvest Group Trading Up 2.4%

Shares of BDVSY opened at $29.59 on Wednesday. The firm’s 50-day moving average is $29.09 and its two-hundred day moving average is $29.08. The Bidvest Group has a twelve month low of $24.08 and a twelve month high of $32.00. The firm has a market capitalization of $5.03 billion and a P/E ratio of 1.00.

About The Bidvest Group

The Bidvest Group Limited is a diversified services, trading and distribution company headquartered in Johannesburg, South Africa. Operating through a network of autonomous divisions, the group provides a wide range of services that span foodservice, industrial and commercial products, office and print solutions, travel and financial services, automotive aftermarket and freight management. Its decentralized structure allows each division to respond quickly to customer needs while leveraging the broader resources and scale of the group.

In its foodservice segment, Bidvest supplies fresh and frozen foods, beverages and catering equipment to restaurants, hotels, retail outlets and institutional clients.