Proximus PLC (OTCMKTS:BGAOY) Sees Significant Growth in Short Interest

Proximus PLC (OTCMKTS:BGAOY) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 4,748 shares, a growth of 66.6% from the April 30th total of 2,850 shares. Based on an average trading volume of 2,129 shares, the days-to-cover ratio is currently 2.2 days.

Proximus Stock Performance

Shares of OTCMKTS BGAOY opened at $1.51 on Friday. The business’s fifty day simple moving average is $1.56 and its 200-day simple moving average is $1.64. Proximus has a 12-month low of $1.46 and a 12-month high of $2.07.

Proximus (OTCMKTS:BGAOY) last issued its quarterly 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).

About Proximus

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.