Telstra Group Limited (OTCMKTS:TLGPY) Sees Significant Decrease in Short Interest

Telstra Group Limited (OTCMKTS:TLGPY) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 17,500 shares, a decline of 34.2% from the December 15th total of 26,600 shares. Based on an average trading volume of 190,800 shares, the short-interest ratio is currently 0.1 days.

Telstra Group Stock Performance

Shares of TLGPY traded up $0.13 during mid-day trading on Thursday, hitting $12.75. 44,114 shares of the company traded hands, compared to its average volume of 83,346. Telstra Group has a 1-year low of $11.19 and a 1-year high of $13.90. The business has a 50 day moving average of $12.75 and a 200 day moving average of $12.97.

Telstra Group Company Profile

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.