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

Proximus PLC (OTCMKTS:BGAOY) was the recipient of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 7,300 shares, a growth of 9.0% from the October 31st total of 6,700 shares. Based on an average daily trading 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 Proximus to a “hold” rating in a report on Wednesday, October 2nd.

Proximus Trading Down 2.3 %

Shares of OTCMKTS:BGAOY traded down $0.03 during trading on Tuesday, reaching $1.25. The stock had a trading volume of 500 shares, compared to its average volume of 7,830. Proximus has a 52 week low of $1.25 and a 52 week high of $2.00. The firm’s fifty day moving average is $1.43 and its 200 day moving average is $1.51.

Proximus (OTCMKTS:BGAOY) last issued its quarterly earnings results on Friday, October 25th. The company reported $0.12 EPS 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 will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a dividend of $0.0526 per share. The ex-dividend date is Monday, December 9th. Proximus’s dividend payout ratio is currently 22.75%.

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.