FirstGroup plc (OTCMKTS:FGROY) Sees Large Decline in Short Interest

FirstGroup plc (OTCMKTS:FGROY) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 900 shares, a decline of 57.1% from the August 15th total of 2,100 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 9.0 days.

FirstGroup Price Performance

Shares of FGROY stock remained flat at $2.04 during trading on Friday. The company had a trading volume of 17 shares, compared to its average volume of 12. The company has a current ratio of 0.69, a quick ratio of 0.68 and a debt-to-equity ratio of 1.59. FirstGroup has a 1-year low of $1.68 and a 1-year high of $2.55. The business has a fifty day moving average price of $2.01 and a two-hundred day moving average price of $2.18.

FirstGroup Increases Dividend

The company also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Friday, July 19th were paid a $0.043 dividend. The ex-dividend date was Friday, July 19th. This is an increase from FirstGroup’s previous dividend of $0.02.

About FirstGroup

FirstGroup plc provides public transport services in the United Kingdom. The company operates through First Bus and First Rail segments. The First Bus segment offers local bus services with a fleet of approximately 4,900 buses in the United Kingdom. The First Rail segment operates a passenger rail network that provides long-distance, commuter, regional, and sleeper services through a portfolio of Great Western Railway, South Western Railway, TransPennine Express, and Avanti West Coast franchises; and hull trains and Lumos.