Short Interest in Tele2 (OTCMKTS:TLTZY) Decreases By 76.5%

Key Points

• Short interest in Tele2 (OTCMKTS:TLTZY) has decreased by 76.5% in August, dropping to just 800 shares as of August 31st.
• The company's stock has a market cap of $12.14 billion, with a current ratio of 0.44 and a price-to-earnings ratio of 30.58.
• Analysts have shown a positive outlook for Tele2, with upgrades to a strong-buy rating from multiple research firms and a consensus rating of strong buy.

Tele2 (OTCMKTS:TLTZY - Get Free Report) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 800 shares, a decrease of 76.5% from the August 15th total of 3,400 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 32,300 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 32,300 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Tele2 Price Performance

OTCMKTS TLTZY opened at $8.87 on Friday. Tele2 has a 52 week low of $4.62 and a 52 week high of $9.13. The company has a current ratio of 0.44, a quick ratio of 0.39 and a debt-to-equity ratio of 1.09. The stock has a market cap of $12.14 billion, a price-to-earnings ratio of 30.58 and a beta of 0.53. The company has a 50-day moving average price of $8.13 and a two-hundred day moving average price of $7.33.

Tele2 (OTCMKTS:TLTZY - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. Tele2 had a net margin of 14.10% and a return on equity of 19.39%. The firm had revenue of $750.96 million during the quarter, compared to analysts' expectations of $7.34 billion. Analysts forecast that Tele2 will post 0.28 EPS for the current year.

Wall Street Analyst Weigh In

TLTZY has been the topic of several research reports. UBS Group upgraded shares of Tele2 from a "sell" rating to a "buy" rating in a research note on Monday, August 4th. Pareto Securities upgraded shares of Tele2 to a "strong-buy" rating in a research note on Friday, July 18th. Finally, Kepler Capital Markets upgraded shares of Tele2 from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 18th. Three analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Strong Buy".

Tele2 Company Profile

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.

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