Short Interest in Nedbank Group Limited (OTCMKTS:NDBKY) Drops By 80.7%

Nedbank Group Limited (OTCMKTS:NDBKY) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 3,651 shares, a drop of 80.7% from the June 30th total of 18,943 shares. Based on an average daily volume of 73,945 shares, the days-to-cover ratio is presently 0.0 days.

Nedbank Group Price Performance

Shares of OTCMKTS:NDBKY traded up $0.04 during trading hours on Monday, hitting $16.32. The stock had a trading volume of 7,649 shares, compared to its average volume of 29,985. The stock’s fifty day simple moving average is $16.29 and its 200 day simple moving average is $16.61. Nedbank Group has a 1-year low of $11.88 and a 1-year high of $20.28.

Nedbank Group Company Profile

Nedbank Group (OTCMKTS:NDBKY) is a leading South African financial services provider headquartered in Sandton, Johannesburg. As one of the country’s “Big Four” banks, Nedbank offers a broad spectrum of banking and financial products to retail, business and corporate clients. Its core mission is to deliver innovative and sustainable financial solutions that support economic growth and meet the evolving needs of customers across various market segments.

The bank operates through several primary business units, including Retail and Business Banking, which serves individual consumers, small to medium-sized enterprises and commercial businesses; Corporate and Investment Banking, offering transactional banking, trade finance, corporate advisory and capital markets services; Wealth, Insurance and Asset Management, providing private banking, investment management, insurance solutions and trusts; and Treasury, which manages the group’s capital, liquidity and market risk exposures.

Nedbank’s footprint extends beyond South Africa into sub-Saharan Africa, with operations in over 30 countries through subsidiaries, branches and strategic partnerships.