Tele2 (OTCMKTS:TLTZY) Short Interest Up 187.5% in July

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) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 4,600 shares, anincreaseof187.5% from the June 30th total of 1,600 shares. Based on an average daily volume of 6,500 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 6,500 shares, the days-to-cover ratio is currently 0.7 days.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. UBS Group raised Tele2 from a "sell" rating to a "buy" rating in a research note on Monday. Pareto Securities raised Tele2 to a "strong-buy" rating in a research note on Friday, July 18th. Finally, Kepler Capital Markets upgraded Tele2 from a "hold" rating to a "strong-buy" rating in a report on Friday, July 18th.

Tele2 Price Performance

Shares of TLTZY traded up $0.17 during midday trading on Thursday, hitting $8.13. The company's stock had a trading volume of 4,698 shares, compared to its average volume of 10,924. The company has a quick ratio of 0.39, a current ratio of 0.44 and a debt-to-equity ratio of 1.09. Tele2 has a one year low of $4.62 and a one year high of $8.24. The stock has a market capitalization of $11.13 billion, a price-to-earnings ratio of 28.03 and a beta of 0.50. The company's fifty day simple moving average is $7.46 and its two-hundred day simple moving average is $6.73.

Tele2 (OTCMKTS:TLTZY - Get Free Report) last announced 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 return on equity of 19.39% and a net margin of 14.10%. The firm had revenue of $750.96 million for the quarter, compared to the consensus estimate of $7.34 billion. As a group, equities analysts expect that Tele2 will post 0.28 earnings per share for the current fiscal year.

Tele2 Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, June 4th. Stockholders of record on Friday, May 16th were issued a $0.0972 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a dividend yield of 277.0%. Tele2's dividend payout ratio is currently 79.31%.

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.