FirstGroup plc (OTCMKTS:FGROY) Sees Significant Drop in Short Interest

FirstGroup plc (OTCMKTS:FGROY) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 1,500 shares, a decrease of 6.3% from the July 15th total of 1,600 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 15.0 days.

FirstGroup Stock Performance

FGROY stock opened at $2.04 on Wednesday. The company has a fifty day moving average price of $2.08 and a 200 day moving average price of $2.19. FirstGroup has a 12 month low of $1.68 and a 12 month high of $2.55. The company has a current ratio of 0.69, a quick ratio of 0.68 and a debt-to-equity ratio of 1.59.

FirstGroup Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, September 6th. Investors of record on Friday, July 19th will be given a $0.043 dividend. This is an increase from FirstGroup’s previous dividend of $0.02. The ex-dividend date of this dividend is Friday, July 19th.

FirstGroup Company Profile

FirstGroup plc provides public transport services in the United Kingdom. The company operates through First Bus and First Rail segments. The First Bus segment offers local bus services with a fleet of approximately 4,900 buses in the United Kingdom. The First Rail segment operates a passenger rail network that provides long-distance, commuter, regional, and sleeper services through a portfolio of Great Western Railway, South Western Railway, TransPennine Express, and Avanti West Coast franchises; and hull trains and Lumos.