Short Interest in Telstra Group Limited (OTCMKTS:TLGPY) Rises By 121.8%

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

Telstra Group Stock Performance

Shares of OTCMKTS:TLGPY traded down $0.08 during trading on Friday, reaching $13.11. 47,668 shares of the company were exchanged, compared to its average volume of 67,908. The business’s fifty day simple moving average is $12.79 and its 200-day simple moving average is $12.90. Telstra Group has a 12-month low of $11.19 and a 12-month high of $13.90.

Telstra Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 7th will be paid a $0.3018 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Telstra Group’s previous dividend of $0.28.

About Telstra Group

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.