Capitec Bank Holdings Limited (OTCMKTS:CKHGY) Stock Short Interest Drops 90.7%

Capitec Bank Holdings Limited (OTCMKTS:CKHGY) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 51 shares, a drop of 90.7% from the September 15th total of 546 shares. Based on an average daily volume of 4,118 shares, the days-to-cover ratio is presently 0.0 days.

Capitec Bank Price Performance

OTCMKTS:CKHGY traded up $4.30 during mid-day trading on Friday, hitting $128.95. 2,392 shares of the company’s stock traded hands, compared to its average volume of 2,039. Capitec Bank has a 12 month low of $106.17 and a 12 month high of $156.77. The firm has a 50 day moving average of $141.75 and a two-hundred day moving average of $137.41.

Capitec Bank Company Profile

Capitec Bank is a South African retail bank headquartered in Stellenbosch. Established in 2001, the bank focuses on providing accessible, digitally enabled financial services to individuals and households across South Africa through a network of branches and electronic banking channels.

The bank offers transaction and savings accounts, fixed-term savings products, personal credit, debit and credit cards, digital payments, and mobile and online banking services. Through its broader banking platform, Capitec also provides selected insurance and other financial solutions to retail customers.

Capitec primarily serves the South African market.