Chorus Limited (OTCMKTS:CHRYY) Short Interest Update

Chorus Limited (OTCMKTS:CHRYY) was the target of a significant growth in short interest in October. As of October 31st, there was short interest totalling 400 shares, a growth of 300.0% from the October 15th total of 100 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is currently 0.6 days.

Chorus Trading Down 5.5 %

Shares of OTCMKTS:CHRYY traded down $1.45 during midday trading on Wednesday, reaching $24.75. 486 shares of the company’s stock traded hands, compared to its average volume of 855. The stock has a 50 day moving average of $26.81 and a 200 day moving average of $24.27. Chorus has a one year low of $20.85 and a one year high of $28.24. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 4.95.

Chorus Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, October 18th. Stockholders of record on Tuesday, September 17th were paid a $0.7539 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This is a boost from Chorus’s previous dividend of $0.47.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded Chorus from a “strong sell” rating to a “hold” rating in a research report on Sunday, October 13th.

About Chorus

Chorus Limited, together with its subsidiaries, engages in the provision of fixed line communications infrastructure services in New Zealand. It offers phone and broadband services for residential and business customers; data and voice services; and solutions for transport and infrastructure. The company also builds and maintains a network of fibre and copper cables, local telephone exchanges, and cabinets.