Short Interest in Absa Group Limited (OTCMKTS:AGRPY) Increases By 246.3%

Absa Group Limited (OTCMKTS:AGRPY) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 696 shares, a growth of 246.3% from the April 15th total of 201 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 713 shares, the days-to-cover ratio is presently 1.0 days.

Absa Group Price Performance

OTCMKTS:AGRPY opened at $26.70 on Thursday. Absa Group has a fifty-two week low of $17.91 and a fifty-two week high of $33.99. The stock has a market cap of $11.07 billion and a PE ratio of 0.94. The firm’s fifty day simple moving average is $28.86 and its 200-day simple moving average is $28.37.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Absa Group to a “hold” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Absa Group Company Profile

Absa Group Limited is a South African-based financial services conglomerate headquartered in Johannesburg. The company offers a broad range of banking and financial products and services, including personal and business banking, corporate and investment banking, credit cards, wealth management and insurance solutions. Through its integrated platform, Absa delivers digital and branch-based services aimed at meeting the diverse needs of individual consumers, small- to medium-sized enterprises and large corporate clients.

In its retail banking division, Absa provides everyday banking services such as transactional accounts, home and vehicle finance, personal loans and savings products.