Short Interest in Telstra Group Limited (OTCMKTS:TLGPY) Rises By 1,119.6%

Telstra Group Limited (OTCMKTS:TLGPY) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totalling 68,300 shares, a growth of 1,119.6% from the June 15th total of 5,600 shares. Based on an average daily volume of 231,100 shares, the short-interest ratio is currently 0.3 days.

Telstra Group Stock Performance

TLGPY traded up $0.08 during midday trading on Thursday, reaching $13.10. 55,920 shares of the company were exchanged, compared to its average volume of 44,921. Telstra Group has a one year low of $11.19 and a one year high of $14.65. The company’s fifty day moving average price is $11.92 and its 200 day moving average price is $12.37.

Telstra Group Company Profile

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.