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

Telstra Group Limited (OTCMKTS:TLGPY) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 62,100 shares, an increase of 121.8% from the February 28th total of 28,000 shares. Based on an average trading volume of 97,100 shares, the days-to-cover ratio is currently 0.6 days.

Telstra Group Trading Up 1.3 %

Shares of TLGPY stock opened at $13.28 on Friday. The firm’s fifty day moving average price is $12.81 and its two-hundred day moving average price is $12.90. Telstra Group has a 1 year low of $11.19 and a 1 year high of $13.90.

Telstra Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 7th will be paid a $0.3018 dividend. This is an increase from Telstra Group’s previous dividend of $0.28. The ex-dividend date is Friday, March 7th.

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.