Short Interest in Nedbank Group Limited (OTCMKTS:NDBKY) Drops By 28.4%

Nedbank Group Limited (OTCMKTS:NDBKY) was the recipient of a large decline in short interest in January. As of January 30th, there was short interest totaling 8,868 shares, a decline of 28.4% from the January 15th total of 12,386 shares. Based on an average daily volume of 31,555 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 31,555 shares, the days-to-cover ratio is presently 0.3 days.

Nedbank Group Stock Up 1.4%

NDBKY stock opened at $17.99 on Friday. The business has a 50 day moving average of $16.44 and a 200 day moving average of $14.60. Nedbank Group has a twelve month low of $11.75 and a twelve month high of $18.31.

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.