PCCW Ltd. (OTCMKTS:PCWLF) Short Interest Up 80.7% in July

Key Points

• PCCW Ltd. experienced a significant increase in short interest of 80.7% in July, bringing the total to 3,964,600 shares.
• The company recently increased its dividend to $0.2848 per share, up from $0.10, resulting in an extraordinary yield of 1,259.0%.
• As of the latest trading day, PCCW shares opened at $0.68, with a 12-month trading range between $0.50 and $0.75.

PCCW Ltd. (OTCMKTS:PCWLF - Get Free Report) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 3,964,600 shares, agrowthof80.7% from the June 30th total of 2,194,400 shares. Based on an average daily trading volume, of 2,200 shares, the days-to-cover ratio is presently 1,802.1 days. Based on an average daily trading volume, of 2,200 shares, the days-to-cover ratio is presently 1,802.1 days.

PCCW Stock Performance

PCCW stock remained flat at $0.67 during trading on Friday. The business's 50 day simple moving average is $0.68 and its 200 day simple moving average is $0.63. PCCW has a one year low of $0.50 and a one year high of $0.75.

PCCW Increases Dividend

The company also recently announced a dividend, which was paid on Friday, June 20th. Stockholders of record on Tuesday, May 20th were issued a dividend of $0.2848 per share. This represents a dividend yield of 1,259.0%. The ex-dividend date was Monday, May 19th. This is an increase from PCCW's previous dividend of $0.10.

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.