Short Interest in PCCW Ltd. (OTCMKTS:PCCWY) Decreases By 34.1%

PCCW Ltd. (OTCMKTS:PCCWY) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 377 shares, a drop of 34.1% from the May 14th total of 572 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 508 shares, the short-interest ratio is currently 0.7 days.

PCCW Stock Up 2.7%

OTCMKTS:PCCWY opened at $7.25 on Tuesday. PCCW has a 1 year low of $6.24 and a 1 year high of $8.31. The business has a 50 day simple moving average of $7.44 and a 200-day simple moving average of $7.42.

PCCW Company Profile

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.