Short Interest in Telstra Group Limited (OTCMKTS:TLGPY) Increases By 110.7%

Telstra Group Limited (OTCMKTS:TLGPY) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 53,100 shares, a growth of 110.7% from the September 30th total of 25,200 shares. Based on an average trading volume of 58,500 shares, the days-to-cover ratio is currently 0.9 days.

Telstra Group Trading Down 0.7 %

TLGPY stock traded down $0.09 during midday trading on Friday, reaching $12.84. 30,829 shares of the company traded hands, compared to its average volume of 41,377. The business has a 50 day moving average of $13.33 and a 200-day moving average of $12.59. Telstra Group has a 52-week low of $11.19 and a 52-week high of $13.90.

Telstra Group Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, August 29th were given a dividend of $0.2778 per share. The ex-dividend date was Thursday, August 29th. This is a positive change 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, government, and individuals in Australia and internationally. It operates through six segments: Telstra Consumer; Telstra Business; Telstra Enterprise Australia; Telstra International; Networks, IT and Products; and Telstra InfraCo The company offers telecommunication and technology products and services to consumer and small and medium 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.