Short Interest in Tele2 (OTCMKTS:TLTZY) Increases By 72.7%

Tele2 (OTCMKTS:TLTZY - Get Free Report) saw a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 1,900 shares, an increase of 72.7% from the May 15th total of 1,100 shares. Based on an average trading volume of 300 shares, the short-interest ratio is currently 6.3 days. Currently, 0.0% of the shares of the company are short sold.

Tele2 Stock Performance

Shares of TLTZY stock traded down $0.05 on Wednesday, reaching $7.29. The stock had a trading volume of 674 shares, compared to its average volume of 8,966. Tele2 has a 12 month low of $4.62 and a 12 month high of $8.00. The firm has a market capitalization of $9.98 billion, a price-to-earnings ratio of 28.04 and a beta of 0.53. The firm's 50-day moving average is $7.19 and its two-hundred day moving average is $6.12. The company has a quick ratio of 0.48, a current ratio of 0.54 and a debt-to-equity ratio of 0.86.

Tele2 (OTCMKTS:TLTZY - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). Tele2 had a net margin of 13.20% and a return on equity of 18.01%. The business had revenue of $670.12 million during the quarter, compared to the consensus estimate of $7.33 billion. On average, research analysts expect that Tele2 will post 0.28 EPS for the current fiscal year.

Tele2 Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, June 4th. Shareholders of record on Friday, May 16th were issued a dividend of $0.0972 per share. This represents a yield of 2.77%. The ex-dividend date was Thursday, May 15th. Tele2's dividend payout ratio is 88.46%.

About Tele2

Tele2 AB (publ) provides fixed and mobile connectivity, handset related data services, and entertainment services in Sweden, Lithuania, Latvia, and Estonia. The company offers mobile telephony and data, fixed broadband, fixed telephony, switch and contact center, cloud services, IT services, network services, workplace, video and collaboration, united communications, and security services.