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

Incitec Pivot Limited (OTCMKTS:INCZY) was the target of a large increase in short interest in January. As of January 15th, there was short interest totalling 6,300 shares, an increase of 28.6% from the December 31st total of 4,900 shares. Based on an average daily trading volume, of 40,200 shares, the short-interest ratio is currently 0.2 days.

Incitec Pivot Price Performance

Shares of Incitec Pivot stock opened at $1.98 on Monday. The firm has a 50 day simple moving average of $1.98 and a 200 day simple moving average of $2.01. Incitec Pivot has a fifty-two week low of $1.53 and a fifty-two week high of $2.30.

Incitec Pivot Increases Dividend

The company also recently announced a dividend, which was paid on Monday, December 30th. Stockholders of record on Wednesday, December 4th were given a dividend of $0.0407 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This is an increase from Incitec Pivot’s previous dividend of $0.03. Incitec Pivot’s 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.