Short Interest in PCCW Ltd. (OTCMKTS:PCCWY) Expands By 72.2%

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 - ) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 3,100 shares, agrowthof72.2% from the July 15th total of 1,800 shares. Currently,0.0% of the shares of the company are short sold. 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. Currently,0.0% of the shares of the company are short sold.

PCCW Stock Down 11.6%

Shares of PCCWY stock traded down $0.87 during trading on Monday, hitting $6.61. The company had a trading volume of 980 shares, compared to its average volume of 1,546. The company has a current ratio of 0.59, a quick ratio of 0.51 and a debt-to-equity ratio of 4.17. The stock's 50-day moving average price is $7.05 and its 200 day moving average price is $6.55. PCCW has a one year low of $4.99 and a one year high of $8.15.

PCCW Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, September 12th. Stockholders 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.