BHP Group Limited (OTCMKTS:BHPLF – Get Free Report) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 6,653,200 shares, a drop of 25.6% from the February 28th total of 8,945,400 shares. Based on an average daily trading volume, of 545,800 shares, the days-to-cover ratio is currently 12.2 days.
BHP Group Price Performance
BHPLF stock opened at $24.34 on Tuesday. The company’s fifty day moving average price is $24.74 and its 200-day moving average price is $26.11. BHP Group has a one year low of $22.30 and a one year high of $32.00.
BHP Group Cuts Dividend
The business also recently declared a dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 7th were paid a $0.50 dividend. The ex-dividend date was Wednesday, March 5th. BHP Group’s payout ratio is currently 45.54%.
About BHP Group
BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.
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