Proximus PLC (OTCMKTS:BGAOY) Sees Large Decrease in Short Interest

Proximus PLC (OTCMKTS:BGAOYGet Free Report) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 2,850 shares, a decline of 59.0% from the April 15th total of 6,958 shares. Based on an average trading volume of 13,880 shares, the days-to-cover ratio is currently 0.2 days.

Proximus Stock Performance

OTCMKTS:BGAOY opened at $1.46 on Friday. The firm’s fifty day simple moving average is $1.60 and its 200 day simple moving average is $1.65. Proximus has a twelve month low of $1.46 and a twelve month high of $2.07.

Proximus (OTCMKTS:BGAOYGet Free Report) last posted its earnings results on Wednesday, May 13th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01).

Proximus Company Profile

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Proximus is the leading telecommunications operator in Belgium, offering a comprehensive range of fixed-line, mobile, broadband and digital television services to residential and business customers. The company’s portfolio extends to information and communication technology (ICT) solutions, encompassing cloud services, cybersecurity, data analytics and managed network services designed to meet the needs of small and medium-sized enterprises as well as large corporations.

In addition to its core Belgian market, Proximus participates in international activities through partnerships and subsidiaries that provide roaming, carrier and wholesale services.

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