Short Interest in Telstra Group Limited (OTCMKTS:TLGPY) Drops By 95.9%

Telstra Group Limited (OTCMKTS:TLGPYGet Free Report) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 200 shares, a drop of 95.9% from the March 15th total of 4,900 shares. Based on an average daily trading volume, of 73,000 shares, the days-to-cover ratio is presently 0.0 days.

Telstra Group Price Performance

TLGPY stock traded down $0.23 during mid-day trading on Friday, hitting $12.09. The stock had a trading volume of 17,410 shares, compared to its average volume of 21,493. Telstra Group has a 52 week low of $11.82 and a 52 week high of $14.97. The firm has a fifty day simple moving average of $12.53 and a 200 day simple moving average of $12.62.

Telstra Group Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, February 29th were issued a $0.2727 dividend. The ex-dividend date was Wednesday, February 28th.

About Telstra Group

(Get Free Report)

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.

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