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

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TIGO. Simplicity Wealth LLC lifted its holdings in Millicom International Cellular by 3.4% during the 3rd quarter. Simplicity Wealth LLC now owns 18,068 shares of the technology company’s stock valued at $490,000 after purchasing an additional 600 shares during the last quarter. MML Investors Services LLC lifted its stake in shares of Millicom International Cellular by 5.3% during the 3rd quarter. MML Investors Services LLC now owns 14,815 shares of the technology company’s stock worth $402,000 after buying an additional 750 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Millicom International Cellular by 159.7% during the 3rd quarter. Blue Trust Inc. now owns 2,223 shares of the technology company’s stock worth $60,000 after buying an additional 1,367 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in Millicom International Cellular by 11.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 19,441 shares of the technology company’s stock valued at $477,000 after buying an additional 1,964 shares during the last quarter. Finally, National Bank of Canada FI acquired a new position in Millicom International Cellular in the 3rd quarter valued at about $76,000.

Millicom International Cellular Stock Performance

NASDAQ TIGO remained flat at $27.01 on Friday. 325,307 shares of the company’s stock traded hands, compared to its average volume of 148,531. The company has a current ratio of 0.66, a quick ratio of 0.64 and a debt-to-equity ratio of 1.59. The business has a 50 day simple moving average of $25.35 and a two-hundred day simple moving average of $25.94. Millicom International Cellular has a 1 year low of $15.55 and a 1 year high of $28.75.

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

Millicom International Cellular Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, January 10th. Stockholders of record on Friday, January 3rd were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, January 3rd. Millicom International Cellular’s dividend payout ratio is currently 106.38%.

Wall Street Analyst Weigh In

Several brokerages recently commented on TIGO. Scotiabank upgraded shares of Millicom International Cellular from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $30.00 to $37.30 in a report on Friday, September 20th. JPMorgan Chase & Co. reduced their price objective on shares of Millicom International Cellular from $36.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.26.

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.