Short Interest in Proximus PLC (OTCMKTS:BGAOY) Drops By 93.2%

Proximus PLC (OTCMKTS:BGAOY) saw a significant decrease in short interest in November. As of November 30th, there was short interest totalling 500 shares, a decrease of 93.2% from the November 15th total of 7,300 shares. Based on an average daily trading volume, of 4,800 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

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

Proximus Stock Performance

Shares of BGAOY traded down $0.07 during mid-day trading on Thursday, reaching $1.07. The stock had a trading volume of 14,983 shares, compared to its average volume of 7,801. Proximus has a 12 month low of $1.01 and a 12 month high of $1.97. The business has a fifty day moving average of $1.38 and a 200 day moving average of $1.49.

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

Proximus Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a $0.0526 dividend. The ex-dividend date of this dividend is Monday, December 9th. Proximus’s dividend payout ratio (DPR) is 22.75%.

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.