Tele2 (OTCMKTS:TLTZY) Short Interest Up 22,300.0% in September

Key Points

• Tele2 experienced a dramatic increase in short interest, rising by 22,300.0% in September, totaling 22,400 shares as of the month’s end.
• The company recently declared a $0.1013 dividend to be paid on October 30th, representing a yield of 238.0%, an increase from the previous dividend of $0.10.
• Analysts have positively upgraded Tele2's stock ratings, with several firms raising it to a "strong-buy" status in October, reflecting growing investor confidence.

Tele2 (OTCMKTS:TLTZY - Get Free Report) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 22,400 shares, a growth of 22,300.0% from the September 15th total of 100 shares. Based on an average trading volume of 27,700 shares, the short-interest ratio is currently 0.8 days. Based on an average trading volume of 27,700 shares, the short-interest ratio is currently 0.8 days.

Tele2 Price Performance

Shares of TLTZY traded up $0.01 during trading hours on Thursday, reaching $8.31. 1,735 shares of the company traded hands, compared to its average volume of 11,505. The company has a quick ratio of 0.39, a current ratio of 0.44 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $11.37 billion, a PE ratio of 28.66 and a beta of 0.52. Tele2 has a fifty-two week low of $4.62 and a fifty-two week high of $9.34. The stock has a fifty day simple moving average of $8.56 and a 200 day simple moving average of $7.70.

Tele2 (OTCMKTS:TLTZY - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. The business had revenue of $750.96 million for the quarter, compared to analyst estimates of $7.34 billion. Tele2 had a return on equity of 19.39% and a net margin of 14.10%. As a group, research analysts predict that Tele2 will post 0.28 EPS for the current fiscal year.

Tele2 Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, October 30th. Shareholders of record on Monday, October 13th will be paid a $0.1013 dividend. This represents a yield of 238.0%. The ex-dividend date of this dividend is Friday, October 10th. This is a positive change from Tele2's previous dividend of $0.10. Tele2's dividend payout ratio is 55.17%.

Analyst Ratings Changes

A number of research analysts recently weighed in on TLTZY shares. BNP Paribas raised Tele2 from a "hold" rating to an "outperform" rating in a report on Thursday, October 2nd. UBS Group raised Tele2 from a "sell" rating to a "buy" rating in a report on Monday, August 4th. Pareto Securities raised Tele2 to a "strong-buy" rating in a report on Friday, July 18th. Finally, Kepler Capital Markets raised Tele2 from a "hold" rating to a "strong-buy" rating in a report on Friday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Strong Buy".

About Tele2

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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