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

Telstra Group Limited (OTCMKTS:TLGPY) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 28,000 shares, an increase of 13,900.0% from the February 13th total of 200 shares. Based on an average daily volume of 93,800 shares, the short-interest ratio is currently 0.3 days.

Telstra Group Stock Up 0.5 %

Shares of TLGPY traded up $0.06 during mid-day trading on Wednesday, reaching $12.90. The company had a trading volume of 64,197 shares, compared to its average volume of 69,102. Telstra Group has a fifty-two week low of $11.19 and a fifty-two week high of $13.90. The firm has a fifty day simple moving average of $12.68 and a 200-day simple moving average of $12.91.

Telstra Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 7th will be issued a $0.3018 dividend. The ex-dividend date is Friday, March 7th. This is a boost from Telstra Group’s previous dividend of $0.28.

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.