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

Telstra Group Limited (OTCMKTS:TLGPY) saw a large drop in short interest in January. As of January 15th, there was short interest totalling 17,500 shares, a drop of 34.2% from the December 31st total of 26,600 shares. Based on an average trading volume of 190,800 shares, the days-to-cover ratio is presently 0.1 days.

Telstra Group Stock Performance

OTCMKTS:TLGPY opened at $12.48 on Wednesday. Telstra Group has a fifty-two week low of $11.19 and a fifty-two week high of $13.90. The firm has a 50-day simple moving average of $12.72 and a two-hundred day simple moving average of $12.97.

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.