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

Proximus PLC (OTCMKTS:BGAOY) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 7,300 shares, an increase of 9.0% from the October 31st total of 6,700 shares. Based on an average daily volume of 3,600 shares, the days-to-cover ratio is presently 2.0 days.

Analysts Set New Price Targets

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

Proximus Stock Down 2.3 %

Shares of OTCMKTS BGAOY traded down $0.03 during mid-day trading on Tuesday, hitting $1.25. The company had a trading volume of 500 shares, compared to its average volume of 7,830. Proximus has a 1-year low of $1.25 and a 1-year high of $2.00. The business’s 50-day simple moving average is $1.43 and its 200 day simple moving average is $1.51.

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

Proximus Cuts Dividend

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