PCCW Ltd. (OTCMKTS:PCCWY) Short Interest Up 72.2% in July

Key Points

• PCCW Ltd. experienced a significant increase in short interest, rising by 72.2% in July, bringing total short interest to 3,100 shares.
• The company's stock price decreased by 11.6% to $6.61, with a trading volume of 980 shares, below its average of 1,546 shares.
• PCCW also announced a dividend of $0.1045, yielding 676.0%, to be paid on September 12th.

PCCW Ltd. (OTCMKTS:PCCWY - Get Free Report) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 3,100 shares, anincreaseof72.2% from the July 15th total of 1,800 shares. Approximately0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 1,700 shares, the short-interest ratio is presently 1.8 days. Based on an average daily trading volume, of 1,700 shares, the short-interest ratio is presently 1.8 days. Approximately0.0% of the shares of the company are sold short.

PCCW Stock Up 2.0%

PCCWY traded up $0.1302 during trading on Friday, hitting $6.74. 2,670 shares of the stock were exchanged, compared to its average volume of 1,524. PCCW has a 1-year low of $4.99 and a 1-year high of $8.15. The stock has a fifty day moving average price of $7.08 and a two-hundred day moving average price of $6.57. 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 business also recently announced a dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, August 19th will be paid a $0.1045 dividend. This represents a dividend yield of 676.0%. The ex-dividend date is Monday, August 18th.

PCCW Company Profile

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.