Incitec Pivot Limited (OTCMKTS:INCZY) Sees Significant Increase in Short Interest

Incitec Pivot Limited (OTCMKTS:INCZY) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 6,300 shares, a growth of 28.6% from the December 31st total of 4,900 shares. Based on an average daily trading volume, of 40,200 shares, the days-to-cover ratio is presently 0.2 days.

Incitec Pivot Price Performance

OTCMKTS:INCZY traded down $0.06 during midday trading on Monday, hitting $1.98. 380 shares of the company were exchanged, compared to its average volume of 15,969. Incitec Pivot has a fifty-two week low of $1.53 and a fifty-two week high of $2.30. The company has a fifty day simple moving average of $1.98 and a 200 day simple moving average of $2.01.

Incitec Pivot Increases Dividend

The company also recently announced a dividend, which was paid on Monday, December 30th. Stockholders of record on Wednesday, December 4th were issued a $0.0407 dividend. This is an increase from Incitec Pivot’s previous dividend of $0.03. The ex-dividend date was Wednesday, December 4th. Incitec Pivot’s payout ratio is presently 50.34%.

Incitec Pivot Company Profile

Incitec Pivot Limited, together with its subsidiaries, manufactures and distributes industrial explosives, industrial chemicals, and fertilizers in Australia, the United States, the Asia Pacific, Turkey, France, and internationally. It offers ammonium nitrate, nitrogen-based fertilizer, ammonia, di/mono-ammonium phosphate, and single super phosphate.