Short Interest in Vinci SA (OTCMKTS:VCISY) Drops By 96.2%

Vinci SA (OTCMKTS:VCISY) was the recipient of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 300 shares, a decrease of 96.2% from the November 15th total of 7,900 shares. Based on an average daily trading volume, of 322,700 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada raised Vinci to a “moderate buy” rating in a report on Tuesday, November 12th.

Vinci Price Performance

Shares of OTCMKTS VCISY traded down $0.23 during midday trading on Friday, hitting $26.22. 207,266 shares of the stock traded hands, compared to its average volume of 213,573. The firm has a 50-day moving average of $27.32 and a two-hundred day moving average of $28.39. Vinci has a one year low of $25.31 and a one year high of $32.82.

Vinci Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 15th were given a dividend of $0.2897 per share. The ex-dividend date was Tuesday, October 15th.

About Vinci

Vinci SA, together with its subsidiaries, engages in concessions, energy, and construction businesses in France and internationally. The Concessions segment manages motorway concessions; operates airports; and highways, railways, and stadium. Its Energy segment provides services to the manufacturing sector, infrastructure, facilities management, and information and communication technology; and industrial and energy-related services, which includes development of renewable energy assets, as well as engineering, procurement, and construction projects in the energy sector.