Capitec Bank Holdings Limited (OTCMKTS:CKHGY) Short Interest Down 38.0% in December

Capitec Bank Holdings Limited (OTCMKTS:CKHGY) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 1,601 shares, a decline of 38.0% from the November 30th total of 2,582 shares. Based on an average daily trading volume, of 1,978 shares, the short-interest ratio is presently 0.8 days. Based on an average daily trading volume, of 1,978 shares, the short-interest ratio is presently 0.8 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group initiated coverage on shares of Capitec Bank in a report on Thursday, November 13th. They set a “buy” rating for the company. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy”.

Capitec Bank Trading Down 0.3%

Shares of OTCMKTS:CKHGY opened at $125.03 on Friday. The firm’s 50 day simple moving average is $116.52 and its 200 day simple moving average is $105.88. Capitec Bank has a fifty-two week low of $68.65 and a fifty-two week high of $125.95.

About Capitec Bank

Capitec Bank is a South African retail bank founded in 2001 and headquartered in Stellenbosch. From its inception, the company has pursued a digital-first approach to banking, combining a network of branches and automated point-of-sale terminals with mobile and online platforms. Capitec’s streamlined service model targets individuals and small to medium-sized enterprises seeking straightforward banking solutions and transparent fee structures.

The bank’s core offerings include transactional accounts, savings products, unsecured personal loans and credit facilities.