Telstra Group Limited (OTCMKTS:TLGPY) Sees Significant Increase in Short Interest

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 volume of 175,895 shares, the short-interest ratio is currently 0.1 days.

Telstra Group Trading Up 1.2%

OTCMKTS TLGPY traded up $0.21 during trading hours on Tuesday, reaching $17.39. 128,470 shares of the company’s stock traded hands, compared to its average volume of 51,151. The firm has a 50-day simple moving average of $18.31 and a 200 day simple moving average of $17.99. Telstra Group has a 52-week low of $15.16 and a 52-week 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.