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

Proximus PLC (OTCMKTS:BGAOY) was the target of a large increase in short interest in 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 daily volume of 41,700 shares, the days-to-cover ratio is presently 0.1 days.

Proximus Stock Performance

Shares of BGAOY stock opened at $1.03 on Friday. Proximus has a twelve month low of $0.93 and a twelve month high of $1.84. The stock’s fifty day simple moving average is $1.16 and its 200 day simple moving average is $1.38.

Proximus (OTCMKTS:BGAOY) last released its quarterly 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 issued a dividend of $0.0526 per share. The ex-dividend date of this dividend was Monday, December 9th. Proximus’s payout ratio is 22.75%.

Wall Street Analyst Weigh In

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