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

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

Telstra Group Stock Performance

OTCMKTS:TLGPY opened at $16.40 on Monday. Telstra Group has a one year low of $15.16 and a one year high of $19.96. The firm’s 50 day simple moving average is $17.32 and its 200 day simple moving average is $18.17.

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.