Short Interest in Standard Bank Group Limited (OTCMKTS:SGBLY) Drops By 97.0%

Standard Bank Group Limited (OTCMKTS:SGBLY) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 600 shares, a decrease of 97.0% from the March 31st total of 20,000 shares. Based on an average daily volume of 78,600 shares, the short-interest ratio is presently 0.0 days.

Standard Bank Group Stock Performance

OTCMKTS:SGBLY traded up $0.11 during mid-day trading on Friday, hitting $9.30. 34,537 shares of the stock traded hands, compared to its average volume of 27,496. Standard Bank Group has a 52 week low of $7.51 and a 52 week high of $11.50. The firm’s 50 day moving average is $10.02 and its two-hundred day moving average is $10.36.

Standard Bank Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, April 25th. Shareholders of record on Friday, April 12th were given a $0.2895 dividend. This is a boost from Standard Bank Group’s previous dividend of $0.27. The ex-dividend date of this dividend was Thursday, April 11th. Standard Bank Group’s payout ratio is 40.39%.

Standard Bank Group Company Profile

Standard Bank Group Limited provides banking and financial products and services in South Africa and internationally. It offers transactional accounts and digital banking platforms; personal and business lending solutions to enhance cash flow; finance for buying, building, and maintaining home; foreign exchange services; trusts and third-party administration accounts; workplace solutions, such as payroll and HR, financial planning, and employer value banking; merchant solutions, including point-of-sale, ecommerce, digital payments, payment processing, and small business support; and cash management services.