Short Interest in Truxton Corp. (OTCMKTS:TRUX) Declines 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 target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 100 shares, adeclineof87.5% from the July 15th total of 800 shares. Based on an average daily volume of 2,000 shares, the days-to-cover ratio is currently 0.1 days. Approximately0.0% of the shares of the stock are sold short. Approximately0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,000 shares, the days-to-cover ratio is currently 0.1 days.

Truxton Stock Up 1.0%

OTCMKTS:TRUX traded up $0.81 during trading hours on Monday, hitting $82.12. 372 shares of the stock traded hands, compared to its average volume of 730. The company has a market cap of $236.26 million, a price-to-earnings ratio of 11.90 and a beta of 0.52. Truxton has a 1 year low of $64.76 and a 1 year high of $84.50. The stock has a 50 day moving average price of $80.09 and a 200 day moving average price of $77.13.

Truxton (OTCMKTS:TRUX - Get Free Report) last announced 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.4%. Truxton's payout ratio is 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.