Nedbank Group Limited (OTCMKTS:NDBKY) Sees Significant Growth in Short Interest

Nedbank Group Limited (OTCMKTS:NDBKY) saw a significant growth in short interest in February. As of February 13th, there was short interest totaling 29,183 shares, a growth of 229.1% from the January 29th total of 8,868 shares. Based on an average daily volume of 23,511 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 23,511 shares, the days-to-cover ratio is currently 1.2 days.

Nedbank Group Price Performance

Shares of NDBKY opened at $19.86 on Friday. Nedbank Group has a 1 year low of $11.75 and a 1 year high of $20.28. The stock has a 50 day simple moving average of $17.04 and a 200-day simple moving average of $14.94.

About Nedbank Group

Nedbank Group (OTCMKTS:NDBKY) is a leading South African financial services provider headquartered in Sandton, Johannesburg. As one of the country’s “Big Four” banks, Nedbank offers a broad spectrum of banking and financial products to retail, business and corporate clients. Its core mission is to deliver innovative and sustainable financial solutions that support economic growth and meet the evolving needs of customers across various market segments.

The bank operates through several primary business units, including Retail and Business Banking, which serves individual consumers, small to medium-sized enterprises and commercial businesses; Corporate and Investment Banking, offering transactional banking, trade finance, corporate advisory and capital markets services; Wealth, Insurance and Asset Management, providing private banking, investment management, insurance solutions and trusts; and Treasury, which manages the group’s capital, liquidity and market risk exposures.

Nedbank’s footprint extends beyond South Africa into sub-Saharan Africa, with operations in over 30 countries through subsidiaries, branches and strategic partnerships.