TeliaSonera AB (OTCMKTS:TLSNY) Short Interest Up 215.7% in May

TeliaSonera AB (OTCMKTS:TLSNY) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 44,172 shares, an increase of 215.7% from the April 30th total of 13,991 shares. Based on an average trading volume of 131,783 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Citigroup raised TeliaSonera to a “strong-buy” rating in a report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy”.

TeliaSonera Stock Performance

Shares of TLSNY stock traded up $0.04 during trading hours on Friday, hitting $10.68. The stock had a trading volume of 31,814 shares, compared to its average volume of 61,823. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.74 and a quick ratio of 0.69. The firm has a market capitalization of $21.00 billion, a PE ratio of 42.72 and a beta of 0.35. The stock’s 50 day moving average is $10.35 and its 200 day moving average is $9.39. TeliaSonera has a twelve month low of $6.67 and a twelve month high of $10.98.

TeliaSonera (OTCMKTS:TLSNY) last announced its earnings results on Friday, April 24th. The technology company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.21 billion. TeliaSonera had a net margin of 5.98% and a return on equity of 8.67%. As a group, research analysts forecast that TeliaSonera will post 0.49 earnings per share for the current fiscal year.

About TeliaSonera

TeliaSonera (OTCMKTS:TLSNY) operates under the Telia Company brand as one of the leading telecommunications providers in the Nordic and Baltic regions. The company delivers a wide range of services, including mobile and fixed voice communications, broadband internet, television and streaming offerings, and enterprise-grade data and IP solutions. Its consumer segment focuses on mobile subscriptions, digital TV packages and home connectivity, while its business division provides managed network services, cloud platforms and Internet of Things (IoT) applications.

The roots of TeliaSonera trace back to the 19th century with Sweden’s Royal Telegraph Agency and Finland’s national carrier, Sonera.