Incitec Pivot Limited (OTCMKTS:INCZY) Short Interest Up 28.6% in January

Incitec Pivot Limited (OTCMKTS:INCZY) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 6,300 shares, an increase 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 Trading Down 2.7 %

OTCMKTS INCZY traded down $0.06 during trading hours on Monday, reaching $1.98. The company had a trading volume of 380 shares, compared to its average volume of 15,969. The stock has a 50-day moving average of $1.98 and a 200 day moving average of $2.01. Incitec Pivot has a 1-year low of $1.53 and a 1-year high of $2.30.

Incitec Pivot Increases Dividend

The company also recently announced a dividend, which was paid on Monday, December 30th. Shareholders of record on Wednesday, December 4th were given a $0.0407 dividend. This is a positive change from Incitec Pivot’s previous dividend of $0.03. The ex-dividend date of this dividend 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.