Telia Company AB (publ) (OTCMKTS:TLSNY) Sees Large Increase in Short Interest

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

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 research note on Tuesday, June 10th.

Telia Company AB (publ) Stock Down 0.7%

Shares of Telia Company AB (publ) stock traded down $0.05 during trading hours on Monday, reaching $7.34. The company's stock had a trading volume of 109,382 shares, compared to its average volume of 44,214. Telia Company AB has a one year low of $5.00 and a one year high of $8.10. The company has a market capitalization of $14.43 billion, a P/E ratio of 21.59, a P/E/G ratio of 3.14 and a beta of 0.40. The stock's fifty day simple moving average is $7.44 and its two-hundred day simple moving average is $6.60. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.77 and a current ratio of 0.81.

Telia Company AB (publ) (OTCMKTS:TLSNY - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The technology company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.04. Telia Company AB (publ) had a net margin of 7.95% and a return on equity of 6.59%. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $21.51 billion. On average, research analysts forecast that Telia Company AB will post 0.34 earnings per share for the current 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 paid a $0.0996 dividend. This is a positive change 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 (DPR) is 81.82%.

Telia Company AB (publ) Company Profile

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.