PCCW Ltd. (OTCMKTS:PCCWY) Sees Large Drop in Short Interest

PCCW Ltd. (OTCMKTS:PCCWY) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 175 shares, a decline of 44.6% from the July 30th total of 316 shares. Based on an average daily trading volume, of 176 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.0% of the shares of the stock are sold short.

PCCW Stock Up 5.4%

OTCMKTS:PCCWY opened at $6.91 on Friday. The business’s 50-day simple moving average is $6.98 and its two-hundred day simple moving average is $7.32. PCCW has a 52 week low of $6.37 and a 52 week high of $8.31. The company has a debt-to-equity ratio of 7.79, a current ratio of 0.62 and a quick ratio of 0.56.

PCCW Company Profile

PCCW Limited (OTCMKTS:PCCWY) is a Hong Kong–based technology and telecommunications company offering a broad array of connectivity, media and IT solutions. Headquartered in Hong Kong, the group traces its roots to the early 2000s restructuring of the local fixed-line incumbent and has since diversified into broadband, mobile and digital media services under various subsidiaries.

The company’s consumer and enterprise businesses encompass fixed-line telephone, broadband internet access, mobile services and pay-TV.