Short Interest in Sodexo S.A. (OTCMKTS:SDXOF) Decreases By 22.3%

Sodexo S.A. (OTCMKTS:SDXOF) was the target of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 44,900 shares, a decline of 22.3% from the October 15th total of 57,800 shares. Based on an average trading volume of 800 shares, the days-to-cover ratio is presently 56.1 days.

Sodexo Stock Performance

OTCMKTS:SDXOF remained flat at $88.72 during midday trading on Friday. 74 shares of the company traded hands, compared to its average volume of 1,077. Sodexo has a one year low of $78.80 and a one year high of $114.00. The stock has a 50-day simple moving average of $88.22 and a two-hundred day simple moving average of $89.61.

Sodexo Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, August 29th. Shareholders of record on Wednesday, August 28th were given a dividend of $6.24 per share. This is a positive change from Sodexo’s previous dividend of $2.00. The ex-dividend date of this dividend was Tuesday, August 27th. Sodexo’s dividend payout ratio is presently 50.78%.

About Sodexo

Sodexo SA provides food services and facilities management services worldwide. It offers various on-site services, which includes corporate services, energy and resources, government and agencies, and other services; healthcare and seniors; and learning solutions to schools and universities. The company also provides food services comprising retail service, food delivery, and meal and food vouchers, as well as digital food ordering services; savings and purchase solutions, data and digital tools, and advisory services and client support; and work-life balance and employee experience solutions.