Short Interest in Truxton Corp. (OTCMKTS:TRUX) Increases By 100.0%

Key Points

• Short interest in Truxton Corp. increased by 100% in July, rising from 400 to 800 shares, indicating growing investor sentiment against the stock.
• The company's stock price is currently at $81.00, reflecting a stable trading volume and a market capitalization of approximately $233.04 million.
• Truxton announced a quarterly dividend of $0.50 per share, set to be distributed on September 24th, representing an annual yield of 2.47%.

Truxton Corp. (OTCMKTS:TRUX - Get Free Report) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 800 shares, a growth of 100.0% from the June 30th total of 400 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 900 shares, the days-to-cover ratio is currently 0.9 days.

Truxton Price Performance

Shares of TRUX stock traded up $1.00 during midday trading on Tuesday, hitting $81.00. The company had a trading volume of 108 shares, compared to its average volume of 861. The company's 50 day simple moving average is $78.16 and its 200 day simple moving average is $76.36. Truxton has a 52-week low of $64.75 and a 52-week high of $82.85. The stock has a market cap of $233.04 million, a price-to-earnings ratio of 11.74 and a beta of 0.55.

Truxton (OTCMKTS:TRUX - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The financial services provider reported $1.84 earnings per share for the quarter. The business had revenue of $14.60 million during the quarter.

Truxton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.47%. Truxton's dividend payout ratio is presently 28.99%.

Truxton Company Profile

Truxton Corporation, through its subsidiaries, provides various banking, investment management, and trust administration services to individuals, businesses, and charitable institutions in the United States. The company offers deposit products, including demand, money market accounts, and certificates of deposit.

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