Incitec Pivot Limited (OTCMKTS:INCZY) Short Interest Update

Incitec Pivot Limited (OTCMKTS:INCZY) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totalling 5,800 shares, an increase of 346.2% from the June 15th total of 1,300 shares. Based on an average daily volume of 42,300 shares, the short-interest ratio is presently 0.1 days.

Incitec Pivot Stock Performance

Incitec Pivot stock remained flat at $2.05 during mid-day trading on Thursday. 66 shares of the company were exchanged, compared to its average volume of 13,667. Incitec Pivot has a 1-year low of $1.53 and a 1-year high of $2.10. The firm’s 50 day simple moving average is $1.95 and its 200 day simple moving average is $1.86.

Incitec Pivot Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be given a $0.0252 dividend. This represents a yield of 9.87%. The ex-dividend date is Friday, June 14th. Incitec Pivot’s dividend payout ratio (DPR) is currently 50.34%.

About Incitec Pivot

Incitec Pivot Limited, together with its subsidiaries, manufactures and distributes industrial explosives, industrial chemicals, and fertilizers in Australia, the United States, the Asia Pacific, Turkey, France, and internationally. It offers ammonium nitrate, nitrogen-based fertilizer, ammonia, di/mono-ammonium phosphate, and single super phosphate.