Proximus PLC (OTCMKTS:BGAOY) Sees Large Increase in Short Interest

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

Proximus Price Performance

Shares of BGAOY remained flat at $1.00 during midday trading on Friday. Proximus has a 12-month low of $0.93 and a 12-month high of $1.95. The company’s 50-day moving average is $1.17 and its 200 day moving average is $1.39.

Proximus (OTCMKTS:BGAOY) last posted its earnings results on Friday, October 25th. The company reported $0.12 earnings per share for the quarter. The firm had revenue of $1.92 billion for the quarter.

Proximus Cuts Dividend

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

Analyst Ratings Changes

Separately, Hsbc Global Res upgraded Proximus to a “hold” rating in a research 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.