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 volume of 40,200 shares, the days-to-cover ratio is currently 0.2 days.

Incitec Pivot Stock Down 2.7 %

Shares of Incitec Pivot stock opened at $1.98 on Monday. Incitec Pivot has a 12 month low of $1.53 and a 12 month high of $2.30. The firm’s fifty 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. Shareholders of record on Wednesday, December 4th were given a $0.0407 dividend. The ex-dividend date was Wednesday, December 4th. This is an increase from Incitec Pivot’s previous dividend of $0.03. 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.