Short Interest in Telstra Group Limited (OTCMKTS:TLGPY) Declines By 85.7%

Telstra Group Limited (OTCMKTS:TLGPY) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 7,600 shares, a decline of 85.7% from the October 15th total of 53,100 shares. Based on an average daily volume of 52,000 shares, the short-interest ratio is presently 0.1 days.

Telstra Group Stock Performance

TLGPY stock traded down $0.09 during trading on Tuesday, hitting $12.81. The company had a trading volume of 54,767 shares, compared to its average volume of 41,259. The business has a 50 day moving average of $13.18 and a 200 day moving average of $12.66. Telstra Group has a fifty-two week low of $11.19 and a fifty-two week high of $13.90.

Telstra Group Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, August 29th were issued a $0.2778 dividend. This is an increase from Telstra Group’s previous dividend of $0.27. The ex-dividend date of this dividend was Thursday, August 29th.

About Telstra Group

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.