Capitec Bank Holdings Limited (OTCMKTS:CKHGY) Sees Significant Increase in Short Interest

Capitec Bank Holdings Limited (OTCMKTS:CKHGY) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 2,810 shares, a growth of 67.1% from the January 15th total of 1,682 shares. Based on an average daily volume of 2,570 shares, the short-interest ratio is currently 1.1 days. Based on an average daily volume of 2,570 shares, the short-interest ratio is currently 1.1 days.

Analysts Set New Price Targets

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

Capitec Bank Stock Performance

CKHGY opened at $144.23 on Friday. The firm’s fifty day moving average is $129.09 and its 200 day moving average is $114.45. Capitec Bank has a fifty-two week low of $68.65 and a fifty-two week high of $146.31.

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.