Short Interest in Proximus PLC (OTCMKTS:BGAOY) Drops By 93.2%

Proximus PLC (OTCMKTS:BGAOY) was the target of a significant decline in short interest in November. As of November 30th, there was short interest totalling 500 shares, a decline of 93.2% from the November 15th total of 7,300 shares. Based on an average trading volume of 4,800 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

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

Proximus Stock Down 5.8 %

Shares of OTCMKTS:BGAOY traded down $0.07 during trading on Wednesday, reaching $1.14. The company’s stock had a trading volume of 5,864 shares, compared to its average volume of 7,747. Proximus has a 12 month low of $1.13 and a 12 month high of $1.97. The firm’s 50 day simple moving average is $1.39 and its two-hundred day simple moving average is $1.49.

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

Proximus Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a $0.0526 dividend. The ex-dividend date of this dividend is Monday, December 9th. Proximus’s dividend payout ratio (DPR) is currently 22.75%.

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.