Tele2 AB (publ) (OTCMKTS:TLTZY) Short Interest Update

Tele2 AB (publ) (OTCMKTS:TLTZY - Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 1,100 shares, a drop of 59.3% from the April 30th total of 2,700 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 700 shares, the days-to-cover ratio is presently 1.6 days.

Tele2 AB (publ) Price Performance

TLTZY remained flat at $7.49 during mid-day trading on Friday. 80 shares of the company's stock were exchanged, compared to its average volume of 1,518. The firm has a market cap of $10.26 billion, a PE ratio of 28.82 and a beta of 0.53. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.54 and a quick ratio of 0.47. The stock's 50-day moving average is $6.98 and its two-hundred day moving average is $5.92. Tele2 AB has a 1-year low of $4.62 and a 1-year high of $8.00.

Tele2 AB (publ) (OTCMKTS:TLTZY - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). The company had revenue of $670.12 million for the quarter, compared to analysts' expectations of $7.33 billion. Tele2 AB (publ) had a net margin of 13.05% and a return on equity of 17.50%. As a group, sell-side analysts forecast that Tele2 AB will post 0.28 earnings per share for the current fiscal year.

Tele2 AB (publ) Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.0972 per share. The ex-dividend date is Thursday, May 15th. This represents a yield of 2.77%. Tele2 AB (publ)'s dividend payout ratio is presently 88.46%.

About Tele2 AB (publ)

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.