Short Interest in Capitec Bank Holdings Limited (OTCMKTS:CKHGY) Declines By 57.1%

Capitec Bank Holdings Limited (OTCMKTS:CKHGY) was the recipient of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 1,058 shares, a drop of 57.1% from the February 12th total of 2,464 shares. Based on an average trading volume of 2,676 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 2,676 shares, the short-interest ratio is currently 0.4 days.

Capitec Bank Trading Up 1.5%

Shares of OTCMKTS CKHGY opened at $129.14 on Thursday. Capitec Bank has a one year low of $68.65 and a one year high of $149.76. The firm’s 50 day simple moving average is $136.07 and its two-hundred day simple moving average is $119.70.

Analysts Set New Price Targets

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

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.