Absa Group Limited (OTCMKTS:AGRPY) Short Interest Update

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

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 assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Absa Group Stock Performance

Shares of Absa Group stock opened at $27.26 on Friday. Absa Group has a one year low of $19.23 and a one year high of $33.99. The company has a market cap of $11.31 billion and a price-to-earnings ratio of 0.94. The business’s 50 day moving average price is $28.57 and its 200 day moving average price is $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.