Millicom International Cellular S.A. (NASDAQ:TIGO) Short Interest Update

Millicom International Cellular S.A. (NASDAQ:TIGO) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 145,200 shares, a decline of 18.8% from the May 31st total of 178,900 shares. Based on an average daily volume of 113,600 shares, the days-to-cover ratio is presently 1.3 days.

Millicom International Cellular Trading Up 6.0 %

Shares of NASDAQ TIGO opened at $24.55 on Monday. The company has a current ratio of 0.86, a quick ratio of 0.84 and a debt-to-equity ratio of 1.74. The stock has a 50 day moving average price of $23.11 and a 200 day moving average price of $19.91. Millicom International Cellular has a 52-week low of $14.46 and a 52-week high of $25.60.

Millicom International Cellular (NASDAQ:TIGO) last announced its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.54 earnings per share (EPS) for the quarter. The firm had revenue of $1.49 billion during the quarter. Millicom International Cellular had a return on equity of 0.08% and a net margin of 0.12%. As a group, equities analysts forecast that Millicom International Cellular will post 2.57 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TIGO. HSBC lifted their target price on Millicom International Cellular from $22.50 to $24.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Scotiabank boosted their price objective on Millicom International Cellular from $26.80 to $30.00 and gave the stock a “sector outperform” rating in a research note on Friday, June 21st. Finally, JPMorgan Chase & Co. assumed coverage on Millicom International Cellular in a research note on Tuesday, May 28th. They set an “overweight” rating and a $30.00 price objective on the stock. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $27.00.

Institutional Trading of Millicom International Cellular

Hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC grew its position in Millicom International Cellular by 1,431.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,394 shares of the technology company’s stock worth $25,000 after purchasing an additional 1,303 shares during the period. Principal Securities Inc. purchased a new stake in shares of Millicom International Cellular in the fourth quarter valued at approximately $87,000. SG Americas Securities LLC grew its position in Millicom International Cellular by 13.1% in the first quarter. SG Americas Securities LLC now owns 7,925 shares of the technology company’s stock worth $160,000 after acquiring an additional 920 shares during the period. LWM Advisory Services LLC grew its position in Millicom International Cellular by 152.7% in the fourth quarter. LWM Advisory Services LLC now owns 29,422 shares of the technology company’s stock worth $530,000 after acquiring an additional 17,779 shares during the period. Finally, Schonfeld Strategic Advisors LLC purchased a new position in Millicom International Cellular in the third quarter worth approximately $627,000.

Millicom International Cellular Company Profile

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.