Millicom International Cellular S.A. (NASDAQ:TIGO) Short Interest Up 23.6% in December

Millicom International Cellular S.A. (NASDAQ:TIGO) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 125,100 shares, a growth of 23.6% from the December 15th total of 101,200 shares. Based on an average daily trading volume, of 130,800 shares, the short-interest ratio is presently 1.0 days. Currently, 0.1% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

TIGO has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their target price on Millicom International Cellular from $36.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday. Scotiabank upgraded shares of Millicom International Cellular from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $30.00 to $37.30 in a research note on Friday, September 20th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.26.

Millicom International Cellular Stock Performance

Shares of TIGO remained flat at $27.01 during midday trading on Friday. The stock had a trading volume of 325,307 shares, compared to its average volume of 148,531. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.64 and a current ratio of 0.66. Millicom International Cellular has a one year low of $15.55 and a one year high of $28.75. The company’s 50 day moving average price is $25.35 and its two-hundred day moving average price is $25.94.

Millicom International Cellular (NASDAQ:TIGO) last issued its earnings results on Thursday, November 7th. The technology company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.38). The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.46 billion. Millicom International Cellular had a return on equity of 4.43% and a net margin of 2.70%. The firm’s revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.03) EPS. Equities analysts anticipate that Millicom International Cellular will post 1.98 EPS for the current fiscal year.

Millicom International Cellular Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 10th. Investors of record on Friday, January 3rd were paid a $1.00 dividend. The ex-dividend date was Friday, January 3rd. Millicom International Cellular’s payout ratio is 106.38%.

Institutional Trading of Millicom International Cellular

Hedge funds and other institutional investors have recently modified their holdings of the stock. Perpetual Ltd acquired a new stake in shares of Millicom International Cellular during the 4th quarter valued at $1,587,000. TT International Asset Management LTD bought a new position in Millicom International Cellular in the fourth quarter valued at about $252,000. CWA Asset Management Group LLC acquired a new stake in shares of Millicom International Cellular during the fourth quarter valued at about $229,000. Tidal Investments LLC acquired a new stake in shares of Millicom International Cellular during the third quarter valued at about $602,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Millicom International Cellular during the third quarter worth about $508,000.

Millicom International Cellular Company Profile

Millicom International Cellular SA provides cable and mobile services in Latin America. It offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance.