Short Interest in Truxton Corp. (OTCMKTS:TRUX) Drops By 87.5%

Key Points

• Truxton Corp. experienced a significant 87.5% drop in short interest during July, with only 100 shares shorted as of July 31st.
• The company recently announced a $0.50 quarterly dividend, translating to a 2.5% yield and a dividend payout ratio of 28.99%.
• Truxton's shares traded down to $80.81 during midday trading, with a total market capitalization of $232.73 million.

Truxton Corp. (OTCMKTS:TRUX - Get Free Report) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 100 shares, adropof87.5% from the July 15th total of 800 shares. Currently,0.0% of the company's stock are sold short. Based on an average daily trading volume, of 2,000 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 2,000 shares, the short-interest ratio is currently 0.1 days. Currently,0.0% of the company's stock are sold short.

Truxton Trading Down 0.4%

Shares of OTCMKTS TRUX traded down $0.36 during mid-day trading on Tuesday, hitting $81.00. The company had a trading volume of 440 shares, compared to its average volume of 712. The firm has a 50-day simple moving average of $80.26 and a two-hundred day simple moving average of $77.19. Truxton has a one year low of $64.76 and a one year high of $84.50. The company has a market capitalization of $233.28 million, a PE ratio of 11.74 and a beta of 0.52.

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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.5%. Truxton's payout ratio is presently 28.99%.

About Truxton

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.