Short Interest in Proximus PLC (OTCMKTS:BGAOY) Expands By 28.0%

Proximus PLC (OTCMKTS:BGAOY) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totalling 3,200 shares, an increase of 28.0% from the December 31st total of 2,500 shares. Based on an average daily trading volume, of 41,700 shares, the days-to-cover ratio is currently 0.1 days.

Proximus Price Performance

OTCMKTS:BGAOY traded up $0.11 on Thursday, reaching $1.14. The stock had a trading volume of 985 shares, compared to its average volume of 2,789. Proximus has a 12-month low of $0.93 and a 12-month high of $1.84. The firm’s fifty day moving average is $1.09 and its two-hundred day moving average is $1.35.

Proximus Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were issued a dividend of $0.0526 per share. The ex-dividend date was Monday, December 9th. Proximus’s payout ratio is currently 22.75%.

Analysts Set New Price Targets

Separately, Hsbc Global Res raised Proximus to a “hold” rating in a report on Wednesday, October 2nd.

About Proximus

Proximus PLC provides digital services and communication solutions in Belgium and internationally. It operates through Domestic, International Carrier Services, and TeleSign segments. The company offers fixed and mobile telephony, internet, and television services to residential customers and small businesses, and ICT services to residential, business, and telecom wholesale markets.