Proximus PLC (OTCMKTS:BGAOY) Short Interest Update

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

Analyst Upgrades and Downgrades

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

Proximus Price Performance

OTCMKTS BGAOY opened at $1.07 on Friday. The firm’s fifty day moving average price is $1.37 and its 200 day moving average price is $1.49. Proximus has a 12 month low of $1.01 and a 12 month high of $1.97.

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 firm had revenue of $1.92 billion during the quarter.

Proximus Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a $0.0526 dividend. The ex-dividend date is Monday, December 9th. Proximus’s payout ratio is 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.