Telia Company AB (publ) (OTCMKTS:TLSNY) Short Interest Up 24.2% in December

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

Telia Company AB (publ) Stock Performance

Telia Company AB (publ) stock opened at $5.60 on Friday. The stock has a 50-day simple moving average of $5.56 and a 200 day simple moving average of $5.85. The stock has a market capitalization of $11.01 billion, a price-to-earnings ratio of 25.46 and a beta of 0.48. 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 12-month low of $4.53 and a 12-month high of $6.71.

Telia Company AB (publ) (OTCMKTS:TLSNY) last announced 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 net margin of 5.37% and a return on equity of 1.90%. The company had revenue of $2.09 billion during the quarter. On average, research analysts anticipate that Telia Company AB will post 0.31 earnings per share for the current fiscal year.

Telia Company AB (publ) Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TLSNY. Barclays cut shares of Telia Company AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 6th. New Street Research upgraded Telia Company AB (publ) to a “hold” rating in a research report on Thursday, September 26th.

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.