Short Interest in Tele2 AB (publ) (OTCMKTS:TLTZY) Decreases By 59.3%

Tele2 AB (publ) (OTCMKTS:TLTZY - Get Free Report) was the recipient of a significant drop in short interest in 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 short sold. Based on an average daily volume of 700 shares, the days-to-cover ratio is currently 1.6 days.

Tele2 AB (publ) Price Performance

Tele2 AB (publ) stock traded down $0.09 during midday trading on Monday, reaching $7.40. The company's stock had a trading volume of 1,600 shares, compared to its average volume of 1,518. Tele2 AB 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 0.98, a quick ratio of 0.47 and a current ratio of 0.54. The stock's 50 day simple moving average is $7.00 and its 200 day simple moving average is $5.95. The firm has a market capitalization of $10.13 billion, a PE ratio of 28.46 and a beta of 0.53.

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

Tele2 AB (publ) Cuts Dividend

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

Tele2 AB (publ) 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.