PCCW Limited (OTCMKTS:PCWLF) Sees Significant Growth in Short Interest

PCCW Limited (OTCMKTS:PCWLFGet Free Report) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 2,876,200 shares, an increase of 50.1% from the May 15th total of 1,916,100 shares. Based on an average daily trading volume, of 3,000 shares, the days-to-cover ratio is presently 958.7 days.

PCCW Stock Up 6.9 %

PCCW stock traded up $0.03 during trading hours on Friday, hitting $0.49. The company had a trading volume of 1,381 shares, compared to its average volume of 4,598. The firm’s fifty day moving average is $0.50 and its 200-day moving average is $0.50. PCCW has a fifty-two week low of $0.43 and a fifty-two week high of $0.57.

PCCW Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, June 21st. Investors of record on Tuesday, June 4th will be paid a $0.2848 dividend. The ex-dividend date is Monday, June 3rd. This represents a yield of 8.74%.

About PCCW

(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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