Tele2 (OTCMKTS:TLTZY) Short Interest Down 87.5% in September

Key Points

• Tele2's short interest decreased by 87.5% in September, falling from 800 shares at the end of August to just 100 shares by September 15th, indicating reduced bearish sentiment.
• Analysts have upgraded Tele2 to a strong-buy rating, with two firms issuing this designation, reflecting increased confidence in the company's performance.
• As of the latest trading session, Tele2's shares were trading at $8.48, with revenue reported at $750.96 million for the most recent quarter, surpassing expectations.

Tele2 (OTCMKTS:TLTZY - Get Free Report) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 100 shares, a decline of 87.5% from the August 31st total of 800 shares. Based on an average trading volume of 13,700 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 13,700 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

TLTZY has been the subject of several analyst reports. Pareto Securities raised Tele2 to a "strong-buy" rating in a research note on Friday, July 18th. Kepler Capital Markets upgraded Tele2 from a "hold" rating to a "strong-buy" rating in a report on Friday, July 18th. Finally, UBS Group raised shares of Tele2 from a "sell" rating to a "buy" rating in a research note on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Strong Buy".

Tele2 Trading Up 0.5%

Shares of OTCMKTS TLTZY traded up $0.05 during midday trading on Tuesday, hitting $8.48. The company's stock had a trading volume of 28,954 shares, compared to its average volume of 11,636. Tele2 has a 12-month low of $4.62 and a 12-month high of $9.13. The company has a current ratio of 0.44, a quick ratio of 0.39 and a debt-to-equity ratio of 1.09. The firm has a market cap of $11.60 billion, a P/E ratio of 29.22 and a beta of 0.52. The business's 50 day moving average is $8.40 and its two-hundred day moving average is $7.53.

Tele2 (OTCMKTS:TLTZY - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $750.96 million for the quarter, compared to the consensus estimate of $7.34 billion. As a group, equities research analysts expect that Tele2 will post 0.28 EPS for the current year.

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.

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