Incitec Pivot Limited (OTCMKTS:INCZY) Sees Large Growth in Short Interest

Incitec Pivot Limited (OTCMKTS:INCZY) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 3,800 shares, an increase of 660.0% from the October 31st total of 500 shares. Based on an average trading volume of 10,300 shares, the short-interest ratio is currently 0.4 days.

Incitec Pivot Stock Performance

Shares of OTCMKTS INCZY traded up $0.13 during trading on Friday, hitting $2.20. The stock had a trading volume of 466 shares, compared to its average volume of 11,667. Incitec Pivot has a 12 month low of $1.53 and a 12 month high of $2.30. The firm has a fifty day moving average of $2.07 and a two-hundred day moving average of $2.01.

Incitec Pivot Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, December 30th. Investors of record on Wednesday, December 4th will be paid a dividend of $0.0407 per share. This is a positive change from Incitec Pivot’s previous dividend of $0.03. The ex-dividend date of this dividend is Wednesday, December 4th. Incitec Pivot’s dividend payout ratio (DPR) is currently 50.34%.

About Incitec Pivot

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.