Short Interest in Vinci SA (OTCMKTS:VCISY) Expands By 324.6%

Key Points

• Vinci SA experienced a significant increase in short interest, rising by 324.6% from 13,800 shares to 58,600 shares as of September 15th.
• The company declared a dividend of $0.1949 per share, with a yield of 290.0%, to be paid on October 31st.
• Analysts maintain a consensus "Buy" rating on Vinci, with Barclays reiterating an "overweight" rating in early September.

Vinci SA (OTCMKTS:VCISY - Get Free Report) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 58,600 shares, an increase of 324.6% from the August 31st total of 13,800 shares. Based on an average daily volume of 347,300 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 347,300 shares, the short-interest ratio is currently 0.2 days.

Vinci Stock Up 0.6%

Shares of OTCMKTS VCISY opened at $34.88 on Thursday. Vinci has a fifty-two week low of $25.08 and a fifty-two week high of $37.95. The firm's 50-day simple moving average is $35.19 and its 200 day simple moving average is $34.92. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.80 and a current ratio of 0.83.

Vinci Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 13th will be paid a $0.1949 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a yield of 290.0%.

Analysts Set New Price Targets

Separately, Barclays reiterated an "overweight" rating on shares of Vinci in a report on Monday, September 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy".

About Vinci

Vinci SA, together with its subsidiaries, engages in concessions, energy, and construction businesses in France and internationally. The Concessions segment manages motorway concessions; operates airports; and highways, railways, and stadium. Its Energy segment provides services to the manufacturing sector, infrastructure, facilities management, and information and communication technology; and industrial and energy-related services, which includes development of renewable energy assets, as well as engineering, procurement, and construction projects in the energy sector.

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