PCCW Ltd. (OTCMKTS:PCCWY) Sees Large Decrease in Short Interest

by · The Cerbat Gem

PCCW Ltd. (OTCMKTS:PCCWY – Get Free Report) saw a significant decrease in short interest in the month of 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 Trading Down 0.9%

Shares of OTCMKTS PCCWY traded down $0.06 on Wednesday, hitting $6.65. The company had a trading volume of 350 shares, compared to its average volume of 1,669. PCCW has a 12-month low of $4.99 and a 12-month high of $8.15. The business has a 50 day moving average of $7.11 and a two-hundred day moving average of $6.63. The company has a debt-to-equity ratio of 4.17, a current ratio of 0.59 and a quick ratio of 0.51.

PCCW Cuts Dividend

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

PCCW Company Profile

(Get Free Report)

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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