Millicom International Cellular S.A. (NASDAQ:TIGO) Short Interest Up 23.6% in December

Millicom International Cellular S.A. (NASDAQ:TIGO) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 125,100 shares, a growth of 23.6% from the December 15th total of 101,200 shares. Based on an average daily volume of 130,800 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of TIGO. Simplicity Wealth LLC increased its holdings in Millicom International Cellular by 3.4% during the 3rd quarter. Simplicity Wealth LLC now owns 18,068 shares of the technology company’s stock valued at $490,000 after purchasing an additional 600 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of Millicom International Cellular by 5.3% during the third quarter. MML Investors Services LLC now owns 14,815 shares of the technology company’s stock worth $402,000 after purchasing an additional 750 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Millicom International Cellular by 159.7% in the third quarter. Blue Trust Inc. now owns 2,223 shares of the technology company’s stock valued at $60,000 after buying an additional 1,367 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Millicom International Cellular by 11.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,441 shares of the technology company’s stock valued at $477,000 after buying an additional 1,964 shares in the last quarter. Finally, National Bank of Canada FI bought a new position in shares of Millicom International Cellular in the third quarter valued at about $76,000.

Millicom International Cellular Stock Performance

Shares of TIGO stock opened at $27.01 on Friday. The stock’s fifty day simple moving average is $25.36 and its 200 day simple moving average is $25.92. Millicom International Cellular has a one year low of $15.55 and a one year high of $28.75. The company has a quick ratio of 0.64, a current ratio of 0.66 and a debt-to-equity ratio of 1.59.

Millicom International Cellular (NASDAQ:TIGO) last issued its quarterly earnings data on Thursday, November 7th. The technology company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.38). Millicom International Cellular had a net margin of 2.70% and a return on equity of 4.43%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the business posted ($0.03) earnings per share. The firm’s revenue was up .5% compared to the same quarter last year. On average, equities analysts anticipate that Millicom International Cellular will post 1.98 EPS for the current fiscal year.

Millicom International Cellular Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, January 3rd were paid a dividend of $1.00 per share. The ex-dividend date was Friday, January 3rd. Millicom International Cellular’s dividend payout ratio is 106.38%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TIGO. Scotiabank upgraded Millicom International Cellular from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $30.00 to $37.30 in a research note on Friday, September 20th. JPMorgan Chase & Co. dropped their price objective on shares of Millicom International Cellular from $36.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.26.

About Millicom International Cellular

Millicom International Cellular SA provides cable and mobile services in Latin America. It offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance.