PCCW Ltd. (OTCMKTS:PCCWY) Short Interest Up 280.0% in August

PCCW Ltd. (OTCMKTS:PCCWY) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 665 shares, a growth of 280.0% from the August 15th total of 175 shares. Based on an average daily trading volume, of 466 shares, the short-interest ratio is currently 1.4 days. Approximately 0.0% of the shares of the company are sold short.

PCCW Trading Up 2.6%

Shares of PCCWY traded up $0.17 during midday trading on Friday, hitting $6.75. 516 shares of the stock traded hands, compared to its average volume of 272. PCCW has a 1-year low of $6.37 and a 1-year high of $8.31. The company has a debt-to-equity ratio of 7.79, a quick ratio of 0.56 and a current ratio of 0.62. The business’s 50 day moving average price is $6.97 and its two-hundred day moving average price is $7.28.

PCCW Company Profile

PCCW Limited, also known as Pacific Century CyberWorks, is a Hong Kong-based telecommunications and media company. Through its principal operating businesses, the company provides telecommunications, broadband, mobile, information technology and digital services to consumers, businesses and organizations.

PCCW’s telecommunications interests are primarily associated with HKT, which offers fixed-line, mobile, broadband, pay-TV and related communications services in Hong Kong. The group also provides enterprise technology and systems-integration solutions, including managed network services, cloud, cybersecurity and other information and communications technology services for corporate and public-sector customers.

In addition, PCCW has businesses involved in media and entertainment, including television, streaming, digital content and related advertising activities.