Telia Company AB (publ) (OTCMKTS:TLSNY) Sees Significant Drop in Short Interest

Telia Company AB (publ) (OTCMKTS:TLSNY - Get Free Report) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 29,700 shares, a drop of 41.3% from the April 30th total of 50,600 shares. Based on an average daily trading volume, of 85,600 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company's shares are short sold.

Telia Company AB (publ) Stock Up 0.2%

Shares of TLSNY traded up $0.02 during mid-day trading on Monday, reaching $7.69. The company's stock had a trading volume of 61,859 shares, compared to its average volume of 39,996. Telia Company AB has a 1 year low of $4.92 and a 1 year high of $7.84. The company has a market cap of $15.11 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 3.14 and a beta of 0.39. The company has a quick ratio of 0.77, a current ratio of 0.81 and a debt-to-equity ratio of 1.48. The business has a fifty day moving average of $7.32 and a 200 day moving average of $6.45.

Telia Company AB (publ) (OTCMKTS:TLSNY - Get Free Report) last released its earnings results on Thursday, April 24th. The technology company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.04. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $21.51 billion. Telia Company AB (publ) had a net margin of 7.95% and a return on equity of 6.59%. As a group, analysts forecast that Telia Company AB will post 0.34 earnings per share for the current fiscal year.

Telia Company AB (publ) Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, May 1st. Shareholders of record on Friday, April 11th were issued a $0.0996 dividend. The ex-dividend date was Friday, April 11th. This is an increase from Telia Company AB (publ)'s previous dividend of $0.09. Telia Company AB (publ)'s payout ratio is currently 81.82%.

About Telia Company AB (publ)

Telia Company AB (publ) provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia. It offers mobile, broadband, television, and fixed-line services; and networking, cloud and security, mobility, enterprise mobile network, contact center, managed mobility services, collaboration solutions, enterprise telephony, Internet of Things (IoT), carrier ethernet, dedicated internet access, wavelengths, IP Transit, dark fiber, and colocation solutions.