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

Telstra Group Limited (OTCMKTS:TLGPY) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 65,513 shares, a growth of 264.9% from the August 31st total of 17,955 shares. Based on an average trading volume of 161,158 shares, the days-to-cover ratio is currently 0.4 days.

Telstra Group Price Performance

Telstra Group stock opened at $16.78 on Friday. Telstra Group has a fifty-two week low of $15.33 and a fifty-two week high of $19.96. The stock’s fifty day moving average is $17.19 and its two-hundred day moving average is $18.03.

About Telstra Group

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.