BHP Group Limited (OTCMKTS:BHPLF) Sees Significant Decrease in Short Interest

BHP Group Limited (OTCMKTS:BHPLF) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totalling 11,326,100 shares, a drop of 18.0% from the August 15th total of 13,813,500 shares. Based on an average trading volume of 321,400 shares, the days-to-cover ratio is presently 35.2 days.

BHP Group Trading Down 0.7 %

Shares of BHPLF traded down $0.20 during mid-day trading on Tuesday, reaching $27.30. The company’s stock had a trading volume of 704,831 shares, compared to its average volume of 295,477. BHP Group has a 52 week low of $24.32 and a 52 week high of $35.60. The company’s fifty day moving average price is $27.12 and its two-hundred day moving average price is $28.36.

BHP Group Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Friday, September 13th will be given a dividend of $0.74 per share. The ex-dividend date is Thursday, September 12th. This is a boost from BHP Group’s previous dividend of $0.72. BHP Group’s payout ratio is currently 45.54%.

BHP Group Company Profile

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.