Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY) Short Interest Down 21.4% in August

Key Points

• Magyar Telekom Tavkozlesi Nyrt experienced a significant decline in short interest of 21.4% in August, dropping from 2,800 shares to 2,200 shares.
• As of August 15th, the short-interest ratio for the company stands at 1.4 days, based on an average daily trading volume of 1,600 shares.
• During midday trading, shares of Magyar Telekom dropped by 2.9%, with the stock currently priced at $27.57 and a market cap of $5.31 billion.

Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY - Get Free Report) was the recipient of a large drop in short interest during the month of August. As of August 15th, there was short interest totaling 2,200 shares, adropof21.4% from the July 31st total of 2,800 shares. Based on an average daily trading volume, of 1,600 shares, the short-interest ratio is presently 1.4 days. Based on an average daily trading volume, of 1,600 shares, the short-interest ratio is presently 1.4 days.

Magyar Telekom Tavkozlesi Nyrt Trading Down 2.9%

Shares of OTCMKTS:MYTAY traded down $0.82 during midday trading on Tuesday, hitting $27.57. The company had a trading volume of 582 shares, compared to its average volume of 4,038. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 9.71 and a beta of 0.50. The firm has a fifty day simple moving average of $26.97 and a 200 day simple moving average of $24.70. The company has a current ratio of 1.23, a quick ratio of 1.13 and a debt-to-equity ratio of 0.15. Magyar Telekom Tavkozlesi Nyrt has a 12 month low of $13.61 and a 12 month high of $29.60.

Magyar Telekom Tavkozlesi Nyrt (OTCMKTS:MYTAY - Get Free Report) last posted its earnings results on Wednesday, August 6th. The utilities provider reported $0.87 earnings per share for the quarter. The firm had revenue of $676.82 million for the quarter. Magyar Telekom Tavkozlesi Nyrt had a return on equity of 22.00% and a net margin of 19.42%.

Magyar Telekom Tavkozlesi Nyrt Company Profile

Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság provides fixed-line and mobile telecommunication services for residential and business customers in Hungary, Bulgaria, Romania, and the Republic of North Macedonia. It operates through MT-Hungary and North Macedonia segments. The company offers TV distribution, information communication, and system integration services; mobile telecommunication services, such as prepaid and postpaid plans, TV, broadband, and phone services; and sells telecommunications network and equipment.

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