Proximus PLC (OTCMKTS:BGAOY) Short Interest Up 168.0% in October

Proximus PLC (OTCMKTS:BGAOY) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 6,700 shares, a growth of 168.0% from the October 15th total of 2,500 shares. Based on an average daily trading volume, of 1,900 shares, the days-to-cover ratio is presently 3.5 days.

Wall Street Analyst Weigh In

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

Proximus Stock Performance

Shares of BGAOY stock remained flat at $1.47 during mid-day trading on Thursday. The company’s 50-day simple moving average is $1.47 and its two-hundred day simple moving average is $1.52. Proximus has a fifty-two week low of $1.26 and a fifty-two week high of $2.00.

Proximus (OTCMKTS:BGAOY) last posted its earnings results on Friday, October 25th. The company reported $0.12 earnings per share for the quarter. The business had revenue of $1.92 billion for the quarter.

Proximus Company Profile

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.