Short Interest in Telstra Group Limited (OTCMKTS:TLGPY) Declines By 80.3%

Telstra Group Limited (OTCMKTS:TLGPY) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 5,163 shares, a drop of 80.3% from the May 31st total of 26,263 shares. Based on an average daily trading volume, of 136,750 shares, the short-interest ratio is presently 0.0 days.

Telstra Group Stock Up 0.4%

Telstra Group stock opened at $17.82 on Friday. Telstra Group has a fifty-two week low of $15.16 and a fifty-two week high of $19.96. The stock’s 50 day simple moving average is $18.70 and its two-hundred day simple moving average is $17.90.

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.