TELENET GRP HLD/ADR (OTCMKTS:TLGHY) Sees Large Drop in Short Interest

Share on StockTwits

TELENET GRP HLD/ADR (OTCMKTS:TLGHY) saw a significant drop in short interest in July. As of July 31st, there was short interest totalling 200 shares, a drop of 75.0% from the July 15th total of 800 shares. Based on an average daily trading volume, of 700 shares, the short-interest ratio is presently 0.3 days.

TLGHY stock traded up $0.07 during trading hours on Thursday, reaching $20.43. The stock had a trading volume of 247 shares, compared to its average volume of 1,175. TELENET GRP HLD/ADR has a fifty-two week low of $13.13 and a fifty-two week high of $25.20. The stock has a 50-day simple moving average of $20.17 and a 200 day simple moving average of $19.77.

TLGHY has been the topic of a number of recent analyst reports. Barclays reiterated an “equal weight” rating on shares of TELENET GRP HLD/ADR in a research note on Wednesday, June 24th. Berenberg Bank started coverage on TELENET GRP HLD/ADR in a research note on Friday, May 15th. They issued a “hold” rating for the company.

About TELENET GRP HLD/ADR

Telenet Group Holding NV provides basic and enhanced video services to residential and business customers in Belgium and Luxembourg. The company offers basic video services, including basic cable television services; enhanced video services, including premium sports and film channels, a range of extended thematic channels, and a selection of films and broadcast contents; broadband Internet services; fixed-line and mobile telephony voice and data services; interconnection services; and value-added services, such as hosting, managed security, and cloud services.

Further Reading: What are the risks of holding treasury bonds?

Receive News & Ratings for TELENET GRP HLD/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TELENET GRP HLD/ADR and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply