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

The Bidvest Group Limited (OTCMKTS:BDVSY) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 16,512 shares, an increase of 98.1% from the June 30th total of 8,334 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 30,954 shares, the short-interest ratio is currently 0.5 days.

The Bidvest Group Price Performance

The Bidvest Group stock opened at $29.59 on Wednesday. The Bidvest Group has a 1-year low of $24.08 and a 1-year high of $32.00. The company has a market cap of $5.03 billion and a PE ratio of 1.00. The stock’s 50 day moving average price is $29.09 and its 200 day moving average price is $29.08.

The Bidvest Group Company Profile

The Bidvest Group Limited is a diversified services, trading and distribution company headquartered in Johannesburg, South Africa. Operating through a network of autonomous divisions, the group provides a wide range of services that span foodservice, industrial and commercial products, office and print solutions, travel and financial services, automotive aftermarket and freight management. Its decentralized structure allows each division to respond quickly to customer needs while leveraging the broader resources and scale of the group.

In its foodservice segment, Bidvest supplies fresh and frozen foods, beverages and catering equipment to restaurants, hotels, retail outlets and institutional clients.