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

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

Telstra Group Stock Performance

Shares of OTCMKTS TLGPY opened at $12.48 on Wednesday. The firm has a 50 day moving average of $12.72 and a 200 day moving average of $12.97. Telstra Group has a 12-month low of $11.19 and a 12-month high of $13.90.

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.