Telstra Group Limited (OTCMKTS:TLGPY) Sees Significant Increase in Short Interest

Telstra Group Limited (OTCMKTS:TLGPY) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 43,400 shares, a growth of 148.0% from the December 31st total of 17,500 shares. Based on an average daily volume of 162,400 shares, the short-interest ratio is presently 0.3 days.

Telstra Group Price Performance

Shares of OTCMKTS:TLGPY traded up $0.01 during midday trading on Thursday, hitting $12.50. The stock had a trading volume of 44,714 shares, compared to its average volume of 74,909. Telstra Group has a 12 month low of $11.19 and a 12 month high of $13.90. The business’s 50-day simple moving average is $12.70 and its 200-day simple moving average is $12.96.

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.