Short Interest in PCCW Ltd. (OTCMKTS:PCWLF) Decreases By 32.8%

Key Points

• PCCW Ltd. experienced a significant decrease in short interest, dropping by 32.8% from mid-July to the end of July, totaling 2,664,600 shares.
• The company's stock price rose by 6.0%, opening at $0.69, with a 1-year trading range between $0.50 and $0.75.
• PCCW announced a dividend of $0.0977 per share with a staggering yield of 710.0%, to be paid on September 5th.

PCCW Ltd. (OTCMKTS:PCWLF - Get Free Report) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 2,664,600 shares, adropof32.8% from the July 15th total of 3,964,600 shares. Approximately0.0% of the shares of the company are sold short. Based on an average daily volume of 4,600 shares, the short-interest ratio is currently 579.3 days. Based on an average daily volume of 4,600 shares, the short-interest ratio is currently 579.3 days. Approximately0.0% of the shares of the company are sold short.

PCCW Trading Down 6.3%

OTCMKTS:PCWLF traded down $0.0428 on Friday, hitting $0.6405. The stock had a trading volume of 10,800 shares, compared to its average volume of 2,273. The business's 50-day simple moving average is $0.68 and its two-hundred day simple moving average is $0.64. PCCW has a 52-week low of $0.5021 and a 52-week high of $0.75.

PCCW Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, September 5th. Shareholders of record on Monday, August 18th will be given a $0.0977 dividend. This represents a yield of 710.0%. The ex-dividend date of this dividend is Friday, August 15th.

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.