Chorus Limited (OTCMKTS:CHRYY) Short Interest Update

Chorus Limited (OTCMKTS:CHRYY) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 400 shares, an increase of 300.0% from the October 15th total of 100 shares. Based on an average trading volume of 700 shares, the days-to-cover ratio is currently 0.6 days.

Chorus Price Performance

CHRYY traded down $1.45 during trading on Wednesday, hitting $24.75. 486 shares of the company traded hands, compared to its average volume of 855. Chorus has a 1 year low of $20.85 and a 1 year high of $28.24. The company has a debt-to-equity ratio of 4.95, a quick ratio of 0.37 and a current ratio of 0.37. The stock’s 50-day simple moving average is $26.81 and its two-hundred day simple moving average is $24.27.

Chorus Increases Dividend

The company also recently announced a dividend, which was paid on Friday, October 18th. Investors of record on Tuesday, September 17th were given a $0.7539 dividend. This is an increase from Chorus’s previous dividend of $0.47. The ex-dividend date was Tuesday, September 17th.

Analyst Upgrades and Downgrades

Separately, UBS Group raised Chorus from a “strong sell” rating to a “hold” rating in a report on Sunday, October 13th.

About Chorus

Chorus Limited, together with its subsidiaries, engages in the provision of fixed line communications infrastructure services in New Zealand. It offers phone and broadband services for residential and business customers; data and voice services; and solutions for transport and infrastructure. The company also builds and maintains a network of fibre and copper cables, local telephone exchanges, and cabinets.