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

Incitec Pivot Limited (OTCMKTS:INCZY) was the recipient of a significant increase in short interest during 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 currently 0.2 days.

Incitec Pivot Trading Down 2.7 %

OTCMKTS INCZY opened at $1.98 on Friday. Incitec Pivot has a 12 month low of $1.53 and a 12 month high of $2.30. The company’s 50 day simple moving average is $1.98 and its 200 day simple moving average is $2.01.

Incitec Pivot Increases Dividend

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