Telus Shares Plunge 1.52% Amid Short Interest Surge

Telus (TU) shares rose by 1.81% today, marking a significant intraday decline of 1.52% and reaching its lowest level since January 2025.

Morgan Stanley recently adjusted its price target for Telus, lowering it from C$22 to C$21 while maintaining an Equal Weight rating. This adjustment could influence investor sentiment and affect the stock's movement.

Telus is scheduled to go ex-dividend on March 11, 2025. This event can impact stock prices as investors adjust their positions to be eligible for the dividend.

Telus has seen a notable increase in short sale volume, with the total short volume ratio reaching 39.93%. This elevated short interest may indicate bearish sentiment and contribute to the stock's price volatility.