Short Interest in BHP Group Limited (OTCMKTS:BHPLF) Rises By 16.7%

BHP Group Limited (OTCMKTS:BHPLF) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 13,679,000 shares, an increase of 16.7% from the March 15th total of 11,723,900 shares. Based on an average trading volume of 339,600 shares, the days-to-cover ratio is presently 40.3 days.

BHP Group Price Performance

BHPLF traded up $0.16 on Monday, hitting $29.22. 179,833 shares of the company were exchanged, compared to its average volume of 336,265. The firm has a fifty day simple moving average of $29.20 and a two-hundred day simple moving average of $30.05. BHP Group has a 12 month low of $26.50 and a 12 month high of $35.60.

BHP Group Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were given a dividend of $0.72 per share. The ex-dividend date of this dividend was Thursday, March 7th. BHP Group’s payout ratio is 45.54%.

BHP Group Company Profile

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.