The Bidvest Group Limited (OTCMKTS:BDVSY) Sees Significant Decline in Short Interest

The Bidvest Group Limited (OTCMKTS:BDVSY) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 200 shares, a decrease of 93.9% from the October 15th total of 3,300 shares. Based on an average daily volume of 4,400 shares, the short-interest ratio is currently 0.0 days.

The Bidvest Group Stock Performance

Shares of BDVSY stock opened at $30.89 on Wednesday. The Bidvest Group has a twelve month low of $23.76 and a twelve month high of $34.55. The business has a fifty day simple moving average of $32.40 and a 200 day simple moving average of $30.48.

The Bidvest Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, October 10th. Investors of record on Friday, September 27th were given a dividend of $0.3818 per share. The ex-dividend date of this dividend was Friday, September 27th. This is a positive change from The Bidvest Group’s previous dividend of $0.38. The Bidvest Group’s payout ratio is currently 44.45%.

About The Bidvest Group

The Bidvest Group Limited, an investment holding company, engages in services, trading, and distribution businesses in South Africa and internationally. The company operates through Adcock Ingram, Bidvest Automotive, Bidvest Commercial Products, Bidvest Financial Services, Bidvest Freight, Bidvest Branded Products, Bidvest Services South Africa, Bidvest Services International, Bidvest Properties, and Bidvest Corporate and Investments segments.