Incitec Pivot Limited (OTCMKTS:INCZY) Sees Large Growth in Short Interest

Incitec Pivot Limited (OTCMKTS:INCZY) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 26,200 shares, a growth of 351.7% from the June 30th total of 5,800 shares. Based on an average daily volume of 19,000 shares, the short-interest ratio is presently 1.4 days.

Incitec Pivot Trading Up 1.8 %

Shares of INCZY stock traded up $0.04 on Friday, reaching $1.96. 1,330 shares of the stock were exchanged, compared to its average volume of 13,874. The firm has a 50 day moving average of $1.98 and a two-hundred day moving average of $1.87. Incitec Pivot has a 1-year low of $1.53 and a 1-year high of $2.10.

Incitec Pivot Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, June 17th were paid a dividend of $0.0252 per share. The ex-dividend date was Friday, June 14th. This represents a yield of 9.87%. Incitec Pivot’s dividend payout ratio is presently 50.34%.

Incitec Pivot Company Profile

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.