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

Proximus PLC (OTCMKTS:BGAOY) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 2,500 shares, an increase of 400.0% from the November 30th total of 500 shares. Based on an average daily volume of 22,900 shares, the days-to-cover ratio is presently 0.1 days.

Proximus Price Performance

OTCMKTS BGAOY remained flat at $0.94 on Friday. Proximus has a 1-year low of $0.93 and a 1-year high of $1.97. The firm has a fifty day moving average of $1.28 and a 200-day moving average of $1.45.

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

Proximus Cuts Dividend

The business 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 of this dividend was Monday, December 9th. Proximus’s dividend payout ratio is 22.75%.

Analyst Upgrades and Downgrades

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

Proximus Company Profile

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.