Short Interest in Telia Company AB (publ) (OTCMKTS:TLSNY) Rises By 24.2%

Telia Company AB (publ) (OTCMKTS:TLSNY) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 30,800 shares, a growth of 24.2% from the December 31st total of 24,800 shares. Based on an average daily trading volume, of 115,700 shares, the short-interest ratio is presently 0.3 days.

Telia Company AB (publ) Price Performance

TLSNY traded down $0.11 during midday trading on Thursday, reaching $5.72. 16,543 shares of the company’s stock were exchanged, compared to its average volume of 61,850. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $11.25 billion, a price-to-earnings ratio of 26.00 and a beta of 0.48. Telia Company AB has a one year low of $4.53 and a one year high of $6.71. The business has a 50-day simple moving average of $5.58 and a two-hundred day simple moving average of $5.87.

Telia Company AB (publ) (OTCMKTS:TLSNY) last issued its quarterly earnings results on Thursday, January 30th. The technology company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.07). Telia Company AB (publ) had a net margin of 5.37% and a return on equity of 1.90%. As a group, research analysts predict that Telia Company AB will post 0.31 EPS for the current year.

Telia Company AB (publ) Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, February 27th. Investors of record on Friday, February 7th will be issued a dividend of $0.0893 per share. The ex-dividend date is Friday, February 7th. Telia Company AB (publ)’s payout ratio is presently 77.27%.

Analyst Ratings Changes

Separately, Barclays lowered shares of Telia Company AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 6th.

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.