Short Interest in PCCW Ltd. (OTCMKTS:PCCWY) Drops By 44.6%

PCCW Ltd. (OTCMKTS:PCCWYGet Free Report) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 175 shares, a decline of 44.6% from the July 30th total of 316 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 176 shares, the short-interest ratio is currently 1.0 days.

PCCW Price Performance

PCCWY stock remained flat at $6.91 during mid-day trading on Monday. 402 shares of the company’s stock were exchanged, compared to its average volume of 236. The stock has a 50 day simple moving average of $6.98 and a 200-day simple moving average of $7.32. PCCW has a one year low of $6.37 and a one year high of $8.31. The company has a debt-to-equity ratio of 7.79, a current ratio of 0.62 and a quick ratio of 0.56.

About PCCW

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PCCW Limited (OTCMKTS:PCCWY) is a Hong Kong–based technology and telecommunications company offering a broad array of connectivity, media and IT solutions. Headquartered in Hong Kong, the group traces its roots to the early 2000s restructuring of the local fixed-line incumbent and has since diversified into broadband, mobile and digital media services under various subsidiaries.

The company’s consumer and enterprise businesses encompass fixed-line telephone, broadband internet access, mobile services and pay-TV.

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