Short Interest in Tele2 (OTCMKTS:TLTZY) Rises By 187.5%

Key Points

• Short interest in Tele2 has surged by 187.5% in July, reaching a total of 4,600 shares, indicating increased bearish sentiment among investors.
• Analysts have upgraded Tele2 from a "hold" rating to a "strong-buy" rating, suggesting positive outlooks for the company's stock performance.
• Tele2 recently reported $0.09 EPS for the quarter, exceeding expectations, but also announced a dividend yield of 277.0% with a notable payout ratio of 79.31%.

Tele2 (OTCMKTS:TLTZY - Get Free Report) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 4,600 shares, agrowthof187.5% from the June 30th total of 1,600 shares. Based on an average daily trading volume, of 6,500 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 6,500 shares, the short-interest ratio is presently 0.7 days.

Analysts Set New Price Targets

Several research firms have recently weighed in on TLTZY. Pareto Securities raised Tele2 to a "strong-buy" rating in a research report on Friday, July 18th. Kepler Capital Markets raised Tele2 from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 18th.

Tele2 Stock Up 1.8%

TLTZY stock opened at $7.84 on Monday. The business has a 50-day moving average of $7.43 and a 200-day moving average of $6.71. Tele2 has a fifty-two week low of $4.62 and a fifty-two week high of $8.00. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.44 and a quick ratio of 0.39. The stock has a market capitalization of $10.72 billion, a P/E ratio of 27.02 and a beta of 0.50.

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

Tele2 Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, June 4th. Investors of record on Friday, May 16th were given a dividend of $0.0972 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a yield of 277.0%. Tele2's dividend payout ratio is 79.31%.

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.

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