Short Interest in Proximus PLC (OTCMKTS:BGAOY) Expands By 60.0%

Proximus PLC (OTCMKTS:BGAOYGet Rating) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 1,600 shares, a growth of 60.0% from the June 30th total of 1,000 shares. Based on an average daily volume of 4,600 shares, the short-interest ratio is presently 0.3 days.

Proximus Stock Up 0.9 %

BGAOY stock opened at $2.71 on Friday. Proximus has a fifty-two week low of $2.59 and a fifty-two week high of $4.20. The firm’s 50-day simple moving average is $3.00 and its 200 day simple moving average is $3.49.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Proximus from €20.50 ($20.92) to €18.00 ($18.37) and set a “neutral” rating on the stock in a report on Wednesday, June 29th. Barclays dropped their target price on shares of Proximus from €17.00 ($17.35) to €15.50 ($15.82) and set an “underweight” rating on the stock in a report on Wednesday, May 4th. Finally, UBS Group cut shares of Proximus from a “buy” rating to a “neutral” rating in a report on Friday, June 24th.

About Proximus

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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; telecommunication, ICT infrastructure, multi-cloud, digital finance, cybersecurity, business applications, and managed and training services to medium and large companies, and public administrations; and ICT services to residential, business, and telecom wholesale markets.

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