Capitec Bank Holdings Limited (OTCMKTS:CKHGY) Short Interest Up 67.1% in January

Capitec Bank Holdings Limited (OTCMKTS:CKHGY) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 2,810 shares, an increase of 67.1% from the January 15th total of 1,682 shares. Based on an average daily volume of 2,570 shares, the short-interest ratio is presently 1.1 days. Based on an average daily volume of 2,570 shares, the short-interest ratio is presently 1.1 days.

Capitec Bank Trading Down 0.5%

OTCMKTS:CKHGY opened at $144.23 on Monday. Capitec Bank has a 1 year low of $68.65 and a 1 year high of $146.31. The firm has a 50 day moving average of $129.09 and a 200-day moving average of $114.70.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group started coverage on Capitec Bank in a research note on Thursday, November 13th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

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.