Short Interest in Telia Company AB (publ) (OTCMKTS:TLSNY) Expands By 65.5%

Telia Company AB (publ) (OTCMKTS:TLSNY) was the target of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 24,000 shares, a growth of 65.5% from the November 15th total of 14,500 shares. Based on an average daily volume of 114,100 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. New Street Research raised Telia Company AB (publ) to a “hold” rating in a report on Thursday, September 26th. BNP Paribas raised Telia Company AB (publ) to a “strong-buy” rating in a report on Monday, September 16th. Finally, Barclays downgraded Telia Company AB (publ) from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 6th.

Telia Company AB (publ) Stock Performance

Shares of TLSNY traded down $0.06 during midday trading on Thursday, reaching $5.54. 30,059 shares of the stock were exchanged, compared to its average volume of 36,774. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.66. Telia Company AB has a twelve month low of $4.53 and a twelve month high of $6.71. The stock’s 50 day simple moving average is $5.85 and its 200 day simple moving average is $5.79. The company has a market cap of $10.89 billion, a P/E ratio of 25.18 and a beta of 0.47.

Telia Company AB (publ) (OTCMKTS:TLSNY) last issued its earnings results on Thursday, October 24th. The technology company reported $0.11 earnings per share for the quarter. Telia Company AB (publ) had a return on equity of 1.90% and a net margin of 5.37%. The company had revenue of $2.09 billion for the quarter. On average, sell-side analysts expect that Telia Company AB will post 0.31 earnings per share for the current year.

Telia Company AB (publ) Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, November 20th. Investors of record on Thursday, October 31st were issued a dividend of $0.099 per share. The ex-dividend date was Thursday, October 31st. This is an increase from Telia Company AB (publ)’s previous dividend of $0.10. Telia Company AB (publ)’s dividend payout ratio is 81.82%.

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.