Short Interest in Telstra Group Limited (OTCMKTS:TLGPY) Grows By 57.9%

Telstra Group Limited (OTCMKTS:TLGPY) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 45,000 shares, an increase of 57.9% from the August 31st total of 28,500 shares. Based on an average daily trading volume, of 55,400 shares, the days-to-cover ratio is presently 0.8 days.

Telstra Group Stock Performance

Shares of OTCMKTS TLGPY traded down $0.16 during mid-day trading on Thursday, reaching $13.41. The company had a trading volume of 21,166 shares, compared to its average volume of 43,097. Telstra Group has a 1-year low of $11.19 and a 1-year high of $13.90. The company has a 50-day moving average price of $13.17 and a two-hundred day moving average price of $12.47.

Telstra Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Thursday, August 29th will be issued a dividend of $0.2778 per share. The ex-dividend date of this dividend is Thursday, August 29th. This is a boost from Telstra Group’s previous dividend of $0.27.

Telstra Group Company Profile

Telstra Group Limited engages in the provision of telecommunications and information services to businesses, governments, and individuals in Australia and internationally. It operates through four segments: Telstra Consumer and Small Business, Telstra Enterprise, Networks and IT, and Telstra InfraCo The company offers telecommunication, media and technology products and services to consumer and business customers using mobile and fixed network technologies, as well as operates call centers, retail stores, a dealership network, digital channels, distribution systems and Telstra Plus customer loyalty program in Australia.