Capitec Bank Holdings Limited (OTCMKTS:CKHGY) Sees Large Growth in Short Interest

Capitec Bank Holdings Limited (OTCMKTS:CKHGY) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 2,700 shares, an increase of 515.0% from the April 15th total of 439 shares. Based on an average daily volume of 3,009 shares, the short-interest ratio is presently 0.9 days.

Capitec Bank Stock Up 2.7%

OTCMKTS CKHGY traded up $3.56 on Thursday, reaching $134.21. 4,010 shares of the company’s stock traded hands, compared to its average volume of 1,737. Capitec Bank has a 12 month low of $93.66 and a 12 month high of $149.76. The stock has a 50-day simple moving average of $128.31 and a 200 day simple moving average of $127.07.

About Capitec Bank

Capitec Bank is a South African retail bank founded in 2001 and headquartered in Stellenbosch. From its inception, the company has pursued a digital-first approach to banking, combining a network of branches and automated point-of-sale terminals with mobile and online platforms. Capitec’s streamlined service model targets individuals and small to medium-sized enterprises seeking straightforward banking solutions and transparent fee structures.

The bank’s core offerings include transactional accounts, savings products, unsecured personal loans and credit facilities.