Short Interest in Absa Group Limited (OTCMKTS:AGRPY) Declines By 42.3%

Absa Group Limited (OTCMKTS:AGRPY) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 516 shares, a decrease of 42.3% from the May 31st total of 895 shares. Based on an average daily volume of 804 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Absa Group to a “hold” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Absa Group currently has an average rating of “Moderate Buy”.

Absa Group Stock Down 3.8%

AGRPY stock opened at $26.50 on Thursday. Absa Group has a twelve month low of $19.23 and a twelve month high of $33.99. The company has a market cap of $10.99 billion and a P/E ratio of 0.94. The business has a fifty day moving average of $28.64 and a 200-day moving average of $29.58.

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.