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

Standard Bank Group Limited (OTCMKTS:SGBLY) was the recipient of a significant 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 trading volume of 78,600 shares, the short-interest ratio is currently 0.0 days.

Standard Bank Group Trading Up 1.2 %

OTCMKTS SGBLY traded up $0.11 on Friday, reaching $9.30. 40,311 shares of the stock traded hands, compared to its average volume of 27,496. Standard Bank Group has a 12 month low of $7.51 and a 12 month high of $11.50. The company has a fifty day moving average price of $10.02 and a 200-day moving average price of $10.36.

Standard Bank Group Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, April 25th. Investors of record on Friday, April 12th were paid a $0.2895 dividend. The ex-dividend date was Thursday, April 11th. This is a positive change from Standard Bank Group’s previous dividend of $0.27. Standard Bank Group’s dividend 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.