PCCW Ltd. (OTCMKTS:PCCWY) Short Interest Down 87.1% in August

Key Points

• PCCW Ltd. experienced a significant 87.1% decrease in short interest, with only 400 shares shorted as of August 15, down from 3,100 shares at the end of July.
• The company's shares are currently trading at $6.65, with a twelve-month low of $4.99 and a high of $8.15, while its short-interest ratio stands at 0.1 days.
• PCCW has declared a dividend of $0.1045 per share, set to be paid on September 12, representing an impressive yield of 676.0%.

PCCW Ltd. (OTCMKTS:PCCWY - ) was the target of a large decrease in short interest in August. As of August 15th, there was short interest totaling 400 shares, adecreaseof87.1% from the July 31st total of 3,100 shares. Based on an average daily trading volume, of 4,000 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 4,000 shares, the short-interest ratio is presently 0.1 days.

PCCW Price Performance

Shares of PCCWY traded down $0.06 during mid-day trading on Tuesday, reaching $6.65. The company had a trading volume of 350 shares, compared to its average volume of 1,669. The company's 50-day moving average is $7.11 and its 200-day moving average is $6.63. PCCW has a twelve month low of $4.99 and a twelve month high of $8.15. The company has a current ratio of 0.59, a quick ratio of 0.51 and a debt-to-equity ratio of 4.17.

PCCW Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, September 12th. Investors of record on Tuesday, August 19th will be issued a dividend of $0.1045 per share. This represents a yield of 676.0%. The ex-dividend date of this dividend is Monday, August 18th.

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.

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