Short Interest in Proximus PLC (OTCMKTS:BGAOY) Declines By 41.7%

Proximus PLC (OTCMKTS:BGAOY) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totalling 700 shares, a decline of 41.7% from the June 30th total of 1,200 shares. Based on an average trading volume of 1,800 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised shares of Proximus to a “strong-buy” rating in a report on Thursday, June 26th.

Proximus Price Performance

BGAOY stock opened at $1.66 on Thursday. Proximus has a 12 month low of $0.93 and a 12 month high of $2.07. The firm has a 50 day simple moving average of $1.81 and a 200 day simple moving average of $1.48.

About Proximus

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.