TeliaSonera AB (OTCMKTS:TLSNY) Sees Significant Drop in Short Interest

Key Points

• Short interest fell 42.3% to 34,531 shares as of October 15, representing 0.0% of outstanding shares and just 0.1 days to cover.
• TeliaSonera shares rose 2.6% to open at $10.11, near the stock’s 52-week high of $10.98. The company’s market capitalization is approximately $19.88 billion.
• Third-quarter results exceeded expectations, with earnings of $0.14 per share versus the $0.13 consensus estimate and revenue of $2.15 billion compared with forecasts of $2.08 billion.

TeliaSonera AB (OTCMKTS:TLSNY - Get Free Report) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 34,531 shares, a decrease of 42.3% from the September 30th total of 59,888 shares. Currently, 0.0% of the company's shares are sold short. Based on an average daily volume of 310,961 shares, the days-to-cover ratio is presently 0.1 days.

TeliaSonera Stock Up 2.6%

Shares of OTCMKTS TLSNY opened at $10.11 on Friday. The firm's fifty day moving average is $9.22 and its 200 day moving average is $9.69. TeliaSonera has a 52 week low of $7.56 and a 52 week high of $10.98. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.46. The company has a market cap of $19.88 billion, a price-to-earnings ratio of 36.11 and a beta of 0.37.

TeliaSonera (OTCMKTS:TLSNY - Get Free Report) last announced its quarterly earnings results on Thursday, October 22nd. The technology company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.01. The business had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.08 billion. TeliaSonera had a net margin of 6.54% and a return on equity of 9.82%. On average, equities research analysts expect that TeliaSonera will post 0.43 earnings per share for the current year.

TeliaSonera Company Profile

TeliaSonera, now known as Telia Company AB, is a Swedish telecommunications and digital services company. It was formed in 2003 through the merger of Sweden's Telia and Finland's Sonera and adopted the Telia Company name in 2016. The company provides connectivity and communications services to consumers, businesses and public-sector organizations.

Its offerings include mobile and fixed-line communications, broadband, television and digital entertainment, as well as enterprise networking, cloud, cybersecurity and information technology services.

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