Short Interest in Telstra Group Limited (OTCMKTS:TLGPY) Grows By 83.9%

Telstra Group Limited (OTCMKTS:TLGPY) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 28,500 shares, a growth of 83.9% from the August 15th total of 15,500 shares. Based on an average daily trading volume, of 82,000 shares, the short-interest ratio is presently 0.3 days.

Telstra Group Stock Performance

Telstra Group stock opened at $13.40 on Friday. Telstra Group has a fifty-two week low of $11.19 and a fifty-two week high of $13.90. The firm’s fifty day moving average price is $13.08 and its 200-day moving average price is $12.40.

Telstra Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, August 29th will be issued a dividend of $0.2778 per share. The ex-dividend date of this dividend is Thursday, August 29th. This is a positive change from Telstra Group’s previous dividend of $0.27.

About Telstra Group

Telstra Group Limited engages in the provision of telecommunications and information services to businesses, governments, and individuals in Australia and internationally. It operates through four segments: Telstra Consumer and Small Business, Telstra Enterprise, Networks and IT, and Telstra InfraCo The company offers telecommunication, media and technology products and services to consumer and 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 in Australia.