Incitec Pivot Limited (OTCMKTS:INCZY) Short Interest Down 18.8% in June

Incitec Pivot Limited (OTCMKTS:INCZY) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totalling 1,300 shares, a decrease of 18.8% from the May 31st total of 1,600 shares. Based on an average trading volume of 11,100 shares, the days-to-cover ratio is presently 0.1 days.

Incitec Pivot Trading Down 2.5 %

OTCMKTS INCZY traded down $0.05 during trading hours on Tuesday, hitting $1.94. 9,022 shares of the company were exchanged, compared to its average volume of 14,036. Incitec Pivot has a 52 week low of $1.53 and a 52 week high of $2.10. The stock has a 50-day moving average price of $1.92 and a 200 day moving average price of $1.85.

Incitec Pivot Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be given a $0.0252 dividend. The ex-dividend date is Friday, June 14th. This represents a yield of 9.87%. Incitec Pivot’s dividend payout ratio is presently 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.