FirstGroup plc (OTCMKTS:FGROY) Sees Large Decline in Short Interest

FirstGroup plc (OTCMKTS:FGROY - Get Free Report) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 900 shares, a decline of 57.1% from the August 15th total of 2,100 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 9.0 days.

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FirstGroup Price Performance

Shares of FGROY stock remained flat at $2.04 during trading on Friday. The company had a trading volume of 17 shares, compared to its average volume of 12. The company has a current ratio of 0.69, a quick ratio of 0.68 and a debt-to-equity ratio of 1.59. FirstGroup has a 1-year low of $1.68 and a 1-year high of $2.55. The business has a fifty day moving average price of $2.01 and a two-hundred day moving average price of $2.18.

FirstGroup Increases Dividend

The company also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Friday, July 19th were paid a $0.043 dividend. The ex-dividend date was Friday, July 19th. This is an increase from FirstGroup's previous dividend of $0.02.

About FirstGroup

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FirstGroup plc provides public transport services in the United Kingdom. The company operates through First Bus and First Rail segments. The First Bus segment offers local bus services with a fleet of approximately 4,900 buses in the United Kingdom. The First Rail segment operates a passenger rail network that provides long-distance, commuter, regional, and sleeper services through a portfolio of Great Western Railway, South Western Railway, TransPennine Express, and Avanti West Coast franchises; and hull trains and Lumos.

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