Short Interest in Telstra Group Limited (OTCMKTS:TLGPY) Drops By 48.2%

Telstra Group Limited (OTCMKTS:TLGPY) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 17,955 shares, a decrease of 48.2% from the August 15th total of 34,646 shares. Based on an average trading volume of 173,631 shares, the days-to-cover ratio is presently 0.1 days.

Telstra Group Trading Up 0.6%

Shares of OTCMKTS:TLGPY opened at $17.33 on Wednesday. Telstra Group has a 1 year low of $15.33 and a 1 year high of $19.96. The business has a fifty day simple moving average of $17.22 and a 200 day simple moving average of $18.10.

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.