Telstra Co. Limited (OTCMKTS:TLSYY) Short Interest Down 73.2% in August

Telstra Co. Limited (OTCMKTS:TLSYY) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 36,900 shares, a decrease of 73.2% from the August 15th total of 137,500 shares. Based on an average daily volume of 36,900 shares, the days-to-cover ratio is currently 1.0 days.

Shares of TLSYY traded up $0.09 during mid-day trading on Wednesday, reaching $14.52. The company’s stock had a trading volume of 15,511 shares, compared to its average volume of 19,302. The company’s 50 day moving average is $14.15 and its 200 day moving average is $13.52. The stock has a market cap of $34.54 billion, a PE ratio of 24.20, a price-to-earnings-growth ratio of 3.30 and a beta of 0.93. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.68 and a quick ratio of 0.65. Telstra has a 12-month low of $9.34 and a 12-month high of $14.85.

The company also recently declared a dividend, which will be paid on Thursday, September 30th. Investors of record on Wednesday, August 25th will be paid a dividend of $0.8813 per share. The ex-dividend date is Tuesday, August 24th. This represents a yield of 6.17%. Telstra’s dividend payout ratio is presently 91.67%.

A number of research firms have recently commented on TLSYY. New Street Research downgraded Telstra from a “buy” rating to a “hold” rating and set a $13.82 price objective on the stock. in a report on Tuesday, July 27th. UBS Group downgraded Telstra from a “buy” rating to a “neutral” rating in a report on Thursday, July 1st. Finally, Jefferies Financial Group upgraded Telstra from a “hold” rating to a “buy” rating in a report on Tuesday, June 22nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $14.41.

About Telstra

Telstra Corp. Ltd. engages in the provision of telecommunications and information services for domestic and international customers. It operates through the following segments: Telstra Consumer and Small Business, Telstra Enterprise, Networks and IT, Telstra InfraCo, and All Others. The Telstra Consumer and Small Business segment comprises of telecommunication products, services, and solutions across mobiles, fixed and mobile broadband, telephony and play TV/IPTV, and digital content to consumer and small business customers in Australia.

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