Short Interest in Tele2 AB (publ) (OTCMKTS:TLTZY) Declines By 25.0%

Tele2 AB (publ) (OTCMKTS:TLTZY) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 300 shares, a drop of 25.0% from the July 15th total of 400 shares. Based on an average trading volume of 300 shares, the days-to-cover ratio is presently 1.0 days.

Tele2 AB (publ) Trading Up 1.0 %

OTCMKTS TLTZY traded up $0.05 on Wednesday, hitting $5.17. The company’s stock had a trading volume of 229 shares, compared to its average volume of 2,326. Tele2 AB has a 52-week low of $3.32 and a 52-week high of $5.20. The company has a current ratio of 0.89, a quick ratio of 0.82 and a debt-to-equity ratio of 1.04. The company’s 50-day simple moving average is $4.93 and its 200 day simple moving average is $4.56. The firm has a market cap of $6.93 billion, a P/E ratio of 20.68 and a beta of 0.56.

Tele2 AB (publ) (OTCMKTS:TLTZY) last posted its quarterly earnings data on Wednesday, July 17th. The company reported $0.06 earnings per share for the quarter. The company had revenue of $678.91 million during the quarter. Tele2 AB (publ) had a return on equity of 16.25% and a net margin of 12.85%. Research analysts predict that Tele2 AB will post 0.25 EPS for the current fiscal year.

Tele2 AB (publ) Company Profile

Tele2 AB (publ) provides fixed and mobile connectivity, handset related data services, and entertainment services in Sweden, Lithuania, Latvia, and Estonia. The company offers mobile telephony and data, fixed broadband, fixed telephony, switch and contact center, cloud services, IT services, network services, workplace, video and collaboration, united communications, and security services.