Short Interest in Tele2 AB (publ) (OTCMKTS:TLTZY) Declines By 17.9%

Tele2 AB (publ) (OTCMKTS:TLTZY - Get Free Report) saw a large decline in short interest in March. As of March 31st, there was short interest totalling 2,300 shares, a decline of 17.9% from the March 15th total of 2,800 shares. Based on an average daily volume of 800 shares, the short-interest ratio is presently 2.9 days. Approximately 0.0% of the company's stock are sold short.

Tele2 AB (publ) Stock Performance

Shares of TLTZY stock traded down $0.15 during trading hours on Friday, reaching $7.27. The company had a trading volume of 1,374 shares, compared to its average volume of 889. Tele2 AB has a one year low of $4.54 and a one year high of $7.42. 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 business has a fifty day moving average price of $6.30 and a 200-day moving average price of $5.56. The firm has a market cap of $9.95 billion, a PE ratio of 27.96 and a beta of 0.49.

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

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.