Short Interest in Proximus PLC (OTCMKTS:BGAOY) Increases By 28.0%

Proximus PLC (OTCMKTS:BGAOY) was the target of a significant 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 trading volume of 41,700 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

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

Proximus Stock Performance

Shares of OTCMKTS:BGAOY remained flat at $1.00 during mid-day trading on Friday. The company has a 50 day moving average price of $1.17 and a 200 day moving average price of $1.39. Proximus has a 52 week low of $0.93 and a 52 week high of $1.95.

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

Proximus Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were given a $0.0526 dividend. The ex-dividend date was Monday, December 9th. Proximus’s payout ratio is 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.