Telia Company AB (publ) (OTCMKTS:TLSNY) Sees Significant Growth in Short Interest

Telia Company AB (publ) (OTCMKTS:TLSNY) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 30,800 shares, an increase of 24.2% from the December 15th total of 24,800 shares. Based on an average daily volume of 115,700 shares, the days-to-cover ratio is presently 0.3 days.

Telia Company AB (publ) Trading Up 1.7 %

Shares of TLSNY stock traded up $0.09 during trading hours on Thursday, hitting $5.45. 48,327 shares of the company’s stock traded hands, compared to its average volume of 52,818. The stock has a market cap of $10.72 billion, a PE ratio of 24.78 and a beta of 0.48. The stock’s 50 day simple moving average is $5.57 and its 200 day simple moving average is $5.85. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.66. Telia Company AB has a 12 month low of $4.53 and a 12 month high of $6.71.

Telia Company AB (publ) (OTCMKTS:TLSNY) last announced its earnings results on Thursday, October 24th. The technology company reported $0.11 earnings per share (EPS) for the quarter. Telia Company AB (publ) had a return on equity of 1.90% and a net margin of 5.37%. The business had revenue of $2.09 billion during the quarter. On average, sell-side analysts anticipate that Telia Company AB will post 0.31 EPS for the current year.

Telia Company AB (publ) Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, February 27th. Investors of record on Friday, February 7th will be paid a $0.0893 dividend. The ex-dividend date is Friday, February 7th. Telia Company AB (publ)’s dividend payout ratio is currently 86.37%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Barclays downgraded Telia Company AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 6th. New Street Research raised Telia Company AB (publ) to a “hold” rating in a report on Thursday, September 26th.

About Telia Company AB (publ)

Telia Company AB (publ) provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia. It offers mobile, broadband, television, and fixed-line services; and networking, cloud and security, mobility, enterprise mobile network, contact center, managed mobility services, collaboration solutions, enterprise telephony, Internet of Things (IoT), carrier ethernet, dedicated internet access, wavelengths, IP Transit, dark fiber, and colocation solutions.