Short Interest in Telstra Group Limited (OTCMKTS:TLGPY) Rises By 134.6%

Telstra Group Limited (OTCMKTS:TLGPY) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 12,114 shares, an increase of 134.6% from the June 15th total of 5,163 shares. Based on an average daily trading volume, of 175,895 shares, the days-to-cover ratio is currently 0.1 days.

Telstra Group Price Performance

Shares of TLGPY opened at $17.39 on Wednesday. The firm has a fifty day simple moving average of $18.27 and a two-hundred day simple moving average of $18.00. Telstra Group has a twelve month low of $15.16 and a twelve month high of $19.96.

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.