Proximus PLC (OTCMKTS:BGAOY) Short Interest Down 42.6% in August

Proximus PLC (OTCMKTS:BGAOY) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 6,111 shares, a drop of 42.6% from the July 30th total of 10,653 shares. Based on an average daily volume of 1,542 shares, the short-interest ratio is currently 4.0 days.

Proximus Trading Up 1.7%

OTCMKTS BGAOY opened at $1.47 on Friday. The stock has a 50-day simple moving average of $1.38 and a 200 day simple moving average of $1.54. Proximus has a 12 month low of $1.27 and a 12 month high of $1.98.

Proximus (OTCMKTS:BGAOY) last released its earnings results on Friday, July 31st. The company reported $0.11 earnings per share for the quarter. The company had revenue of $1.86 billion during the quarter.

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.