Short Interest in Telia Company AB (publ) (OTCMKTS:TLSNY) Expands By 193.6%

Telia Company AB (publ) (OTCMKTS:TLSNY - Get Free Report) was the target of a significant growth in short interest in May. As of May 31st, there was short interest totalling 87,200 shares, a growth of 193.6% from the May 15th total of 29,700 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily volume of 126,700 shares, the short-interest ratio is currently 0.7 days.

Telia Company AB (publ) Stock Down 1.5%

Shares of OTCMKTS TLSNY traded down $0.11 during trading on Friday, reaching $7.39. The company had a trading volume of 53,794 shares, compared to its average volume of 43,633. The stock has a market cap of $14.53 billion, a PE ratio of 21.74, a P/E/G ratio of 3.14 and a beta of 0.40. The business's 50-day moving average is $7.41 and its 200 day moving average is $6.56. Telia Company AB has a 12-month low of $5.00 and a 12-month high of $8.10. The company has a quick ratio of 0.77, a current ratio of 0.81 and a debt-to-equity ratio of 1.48.

Telia Company AB (publ) (OTCMKTS:TLSNY - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The technology company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.04. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate 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, equities 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 declared a dividend, which was paid on Thursday, May 1st. Stockholders of record on Friday, April 11th were issued a dividend of $0.0996 per share. This is an increase from Telia Company AB (publ)'s previous dividend of $0.09. The ex-dividend date of this dividend was Friday, April 11th. Telia Company AB (publ)'s dividend payout ratio is presently 81.82%.

Wall Street Analysts Forecast Growth

Separately, Redburn Atlantic lowered shares of Telia Company AB (publ) from a "strong-buy" rating to a "hold" rating in a report on Tuesday.

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.