Chorus Limited (OTCMKTS:CHRYY) Sees Significant Increase in Short Interest

Chorus Limited (OTCMKTS:CHRYY) was the target of a significant increase in short interest in August. As of August 15th, there was short interest totalling 400 shares, an increase of 100.0% from the July 31st total of 200 shares. Based on an average daily trading volume, of 2,300 shares, the days-to-cover ratio is currently 0.2 days.

Chorus Price Performance

Shares of OTCMKTS CHRYY remained flat at $24.85 during trading on Friday. The stock had a trading volume of 115 shares, compared to its average volume of 874. Chorus has a 1 year low of $19.95 and a 1 year high of $26.00. The company has a 50 day simple moving average of $23.55 and a 200 day simple moving average of $22.92.

Chorus Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, October 18th. Shareholders of record on Tuesday, September 17th will be paid a dividend of $0.7539 per share. This is a boost from Chorus’s previous dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 17th.

Chorus Company Profile

Chorus Limited, together with its subsidiaries, provides fixed line communications infrastructure services in New Zealand. It offers phone and broadband services for residential and business customers; data and voice services; and asymmetric digital subscriber line and high-speed digital subscriber line broadband services, as well as solutions for transport and infrastructure.