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

Telstra Group Limited (OTCMKTS:TLGPY) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 34,646 shares, a growth of 65.1% from the July 30th total of 20,991 shares. Based on an average trading volume of 96,013 shares, the days-to-cover ratio is presently 0.4 days.

Telstra Group Stock Performance

Shares of Telstra Group stock opened at $16.40 on Monday. The business has a 50-day moving average price of $17.32 and a two-hundred day moving average price of $18.17. Telstra Group has a 1-year low of $15.16 and a 1-year high of $19.96.

Telstra Group Company Profile

Telstra Group Limited (OTCMKTS:TLGPY) is Australia’s largest telecommunications and technology company, offering a broad portfolio of services that includes fixed?line and mobile voice, broadband and data, Internet of Things (IoT) connectivity, and managed network solutions. The company operates one of the country’s most extensive mobile networks, providing 3G, 4G and 5G coverage to millions of consumers and businesses, alongside fixed and wireless broadband services for both urban and regional markets.

Headquartered in Melbourne, Telstra traces its heritage back to the Postmaster?General’s Department in the early 20th century and was later corporatized as Telecom Australia in 1975 before adopting the Telstra brand in 1995.