Advanced Info Service Public Co. (OTCMKTS:AVIFY) Sees Large Increase in Short Interest

Key Points

• Advanced Info Service Public Co. (OTCMKTS:AVIFY) experienced a staggering 523,300.0% increase in short interest in September, totaling 523,400 shares compared to just 100 shares at the end of August.
• The company's stock price recently dropped to $8.87, with a market capitalization of $26.38 billion and steady trading volume below its average.
• Advanced Info Service also announced a $0.149 per share dividend, yielding 292.0%, while maintaining a payout ratio of 78.95%.

Advanced Info Service Public Co. (OTCMKTS:AVIFY - Get Free Report) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 523,400 shares, a growth of 523,300.0% from the August 31st total of 100 shares. Based on an average daily trading volume, of 57,800 shares, the short-interest ratio is presently 9.1 days. Based on an average daily trading volume, of 57,800 shares, the short-interest ratio is presently 9.1 days.

Advanced Info Service Public Price Performance

Shares of OTCMKTS:AVIFY traded down $0.51 during midday trading on Tuesday, reaching $8.87. The company had a trading volume of 126 shares, compared to its average volume of 7,925. The stock has a market capitalization of $26.38 billion, a P/E ratio of 23.34 and a beta of 0.34. The stock's fifty day moving average price is $9.36 and its 200-day moving average price is $8.83. Advanced Info Service Public has a one year low of $7.17 and a one year high of $10.61.

Advanced Info Service Public (OTCMKTS:AVIFY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. Advanced Info Service Public had a net margin of 17.92% and a return on equity of 42.28%. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $55.34 billion.

Advanced Info Service Public Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 21st were paid a dividend of $0.149 per share. This represents a yield of 292.0%. The ex-dividend date of this dividend was Wednesday, August 20th. Advanced Info Service Public's payout ratio is 78.95%.

Advanced Info Service Public Company Profile

Advanced Info Service Public Company Limited, together its subsidiaries, provides communication products and services primarily in Thailand. It is involved in the operation of cellular telephone networks, networks, and telecommunication and internet services. The company also distributes handsets; cash cards and electronic payment services; and internet equipment.

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