Deutsche Telekom AG (OTCMKTS:DTEGY) Short Interest Down 60.4% in August

Posted by Renee Jackson on Sep 15th, 2024

Deutsche Telekom AG (OTCMKTS:DTEGY – Get Free Report) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 30,500 shares, a decrease of 60.4% from the August 15th total of 77,000 shares. Based on an average daily volume of 475,000 shares, the days-to-cover ratio is presently 0.1 days.

Deutsche Telekom Price Performance

OTCMKTS:DTEGY traded up $0.28 on Friday, hitting $29.65. The company had a trading volume of 224,472 shares, compared to its average volume of 324,663. The stock has a market capitalization of $147.85 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 1.02 and a beta of 0.70. The company has a current ratio of 0.99, a quick ratio of 0.93 and a debt-to-equity ratio of 1.06. The firm has a 50 day moving average of $27.22 and a two-hundred day moving average of $25.07. Deutsche Telekom has a 52 week low of $20.48 and a 52 week high of $29.71.

Deutsche Telekom (OTCMKTS:DTEGY – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.54 EPS for the quarter. The business had revenue of $30.56 billion during the quarter. Deutsche Telekom had a net margin of 4.48% and a return on equity of 7.51%. On average, research analysts anticipate that Deutsche Telekom will post 1.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, UBS Group cut shares of Deutsche Telekom from a “buy” rating to a “neutral” rating in a report on Tuesday, September 10th.

Check Out Our Latest Report on Deutsche Telekom

Deutsche Telekom Company Profile

(Get Free Report)

Deutsche Telekom AG, together with its subsidiaries, provides integrated telecommunication services. The company operates through Germany, United States, Europe, Systems Solutions, Group Development, and Group Headquarters and Group Services segments. It offers fixed-network services, including voice and data communication services based on fixed-network and broadband technology; and sells terminal equipment and other hardware products, as well as services to resellers.