Short Interest in Chorus Limited (OTCMKTS:CHRYY) Drops By 55.6%

Chorus Limited (OTCMKTS:CHRYY) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 400 shares, a decline of 55.6% from the August 31st total of 900 shares. Based on an average daily volume of 500 shares, the short-interest ratio is currently 0.8 days.

Chorus Price Performance

Chorus stock opened at $27.40 on Friday. Chorus has a fifty-two week low of $19.95 and a fifty-two week high of $28.24. The company has a debt-to-equity ratio of 4.95, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a 50-day simple moving average of $24.99 and a 200-day simple moving average of $23.34.

Chorus Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, October 18th. Investors of record on Tuesday, September 17th will be given a $0.7539 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This is a boost from Chorus’s previous dividend of $0.47.

Chorus Company Profile

Chorus Limited, together with its subsidiaries, provides fixed line communications infrastructure services in New Zealand. It offers phone and broadband services for residential and business customers; data and voice services; and asymmetric digital subscriber line and high-speed digital subscriber line broadband services, as well as solutions for transport and infrastructure.