Standard Bank Group Limited (OTCMKTS:SGBLY) Sees Significant Decrease in Short Interest

Standard Bank Group Limited (OTCMKTS:SGBLY) was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totalling 600 shares, a decline 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 currently 0.0 days.

Standard Bank Group Price Performance

Standard Bank Group stock traded up $0.11 during midday trading on Friday, hitting $9.30. 40,311 shares of the company’s stock were exchanged, compared to its average volume of 27,496. The stock has a 50-day moving average price of $10.02 and a two-hundred day moving average price of $10.36. Standard Bank Group has a 52-week low of $7.51 and a 52-week high of $11.50.

Standard Bank Group Increases Dividend

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

About Standard Bank Group

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.