PCCW Limited (OTCMKTS:PCCWY) Sees Significant Decrease in Short Interest

PCCW Limited (OTCMKTS:PCCWY - Get Free Report) was the recipient of a large drop in short interest in May. As of May 31st, there was short interest totalling 400 shares, a drop of 90.2% from the May 15th total of 4,100 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 13,000 shares, the days-to-cover ratio is presently 0.0 days.

PCCW Trading Down 1.4%

Shares of PCCWY stock traded down $0.09 during trading hours on Thursday, reaching $6.51. The company's stock had a trading volume of 561 shares, compared to its average volume of 2,124. The firm's 50 day simple moving average is $6.58 and its 200-day simple moving average is $6.11. PCCW has a fifty-two week low of $4.67 and a fifty-two week high of $8.15. The company has a current ratio of 0.60, a quick ratio of 0.51 and a debt-to-equity ratio of 7.81.

PCCW Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 27th. Investors of record on Wednesday, May 21st will be given a dividend of $0.3466 per share. The ex-dividend date is Tuesday, May 20th. This represents a yield of 11.62%. This is a positive change from PCCW's previous dividend of $0.11.

About PCCW

PCCW Limited provides telecommunications and related services in Hong Kong, Mainland and other parts of China, Singapore, and internationally. The company's services include local telephony, local data and broadband, mobile, enterprise solutions, international telecommunications, and satellite-based and network-based telecommunications services; outsourcing, consulting, and contact center services; and technical consulting and engineering services.