Proximus PLC (OTCMKTS:BGAOY) Short Interest Up 28.0% in December

Proximus PLC (OTCMKTS:BGAOY) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 3,200 shares, a growth 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 currently 0.1 days.

Proximus Price Performance

BGAOY remained flat at $1.00 during trading on Thursday. 35 shares of the company’s stock were exchanged, compared to its average volume of 2,275. Proximus has a 52-week low of $0.93 and a 52-week high of $1.95. The stock has a 50 day moving average price of $1.18 and a two-hundred day moving average price of $1.39.

Proximus (OTCMKTS:BGAOY) last announced its 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 for the quarter.

Proximus Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were issued a $0.0526 dividend. The ex-dividend date of this dividend was Monday, December 9th. Proximus’s payout ratio is 22.75%.

Wall Street Analysts Forecast Growth

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

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.