Telia Company AB (publ) (OTCMKTS:TLSNY) Short Interest Update

Telia Company AB (publ) (OTCMKTS:TLSNY) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 29,400 shares, an increase of 31.8% from the August 31st total of 22,300 shares. Based on an average daily volume of 61,600 shares, the days-to-cover ratio is currently 0.5 days.

Telia Company AB (publ) Stock Performance

Shares of OTCMKTS TLSNY opened at $6.65 on Friday. The stock has a market capitalization of $13.07 billion, a P/E ratio of 332.50 and a beta of 0.46. The firm’s 50-day moving average price is $6.13 and its two-hundred day moving average price is $5.39. Telia Company AB has a 52-week low of $3.95 and a 52-week high of $6.71. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.62.

Telia Company AB (publ) (OTCMKTS:TLSNY) last released its quarterly earnings data on Thursday, July 18th. The technology company reported $0.07 earnings per share (EPS) for the quarter. Telia Company AB (publ) had a return on equity of 0.53% and a net margin of 4.71%. The business had revenue of $2.09 billion during the quarter. As a group, sell-side analysts forecast that Telia Company AB will post 0.32 earnings per share for the current year.

Telia Company AB (publ) Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, August 21st. Stockholders of record on Thursday, August 1st were given a dividend of $0.0954 per share. The ex-dividend date was Thursday, August 1st. Telia Company AB (publ)’s dividend payout ratio is currently 1,100.00%.

Analyst Ratings Changes

Separately, BNP Paribas raised shares of Telia Company AB (publ) to a “strong-buy” rating in a report on Monday, September 16th.

Telia Company AB (publ) Company Profile

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.