Capitec Bank Holdings Limited (OTCMKTS:CKHGY) Sees Large Growth in Short Interest

Capitec Bank Holdings Limited (OTCMKTS:CKHGY) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 1,860 shares, a growth of 75.8% from the February 26th total of 1,058 shares. Based on an average daily trading volume, of 2,736 shares, the days-to-cover ratio is presently 0.7 days.

Capitec Bank Price Performance

Shares of Capitec Bank stock traded down $1.86 on Friday, reaching $119.61. The company had a trading volume of 1,166 shares, compared to its average volume of 1,315. Capitec Bank has a 52-week low of $68.65 and a 52-week high of $149.76. The firm’s 50 day moving average price is $135.02 and its two-hundred day moving average price is $121.59.

Capitec Bank Company Profile

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.