Telia Company AB (publ) (OTCMKTS:TLSNY) Short Interest Up 193.6% in May

Telia Company AB (publ) (OTCMKTS:TLSNY) was the target of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 87,200 shares, an increase of 193.6% from the May 15th total of 29,700 shares. Based on an average daily volume of 126,700 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the company’s stock are short sold.

Telia Company AB (publ) Stock Performance

Shares of OTCMKTS TLSNY opened at $7.39 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.81 and a quick ratio of 0.77. Telia Company AB has a 1 year low of $5.00 and a 1 year high of $8.10. The firm has a fifty day moving average price of $7.43 and a 200-day moving average price of $6.58. The stock has a market cap of $14.53 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 3.14 and a beta of 0.40.

Telia Company AB (publ) (OTCMKTS:TLSNY) last posted its earnings results on Thursday, April 24th. The technology company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.04. Telia Company AB (publ) had a net margin of 7.95% and a return on equity of 6.59%. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $21.51 billion. Equities analysts anticipate that Telia Company AB will post 0.34 earnings per share for the current fiscal year.

Telia Company AB (publ) Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, May 1st. Stockholders of record on Friday, April 11th were issued a dividend of $0.0996 per share. This is a positive change from Telia Company AB (publ)’s previous dividend of $0.09. The ex-dividend date was Friday, April 11th. Telia Company AB (publ)’s dividend payout ratio is presently 81.82%.

Wall Street Analyst Weigh In

Separately, Redburn Atlantic downgraded shares of Telia Company AB (publ) from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 10th.

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.