TeliaSonera AB (OTCMKTS:TLSNY) Sees Large Growth in Short Interest

Key Points

• TeliaSonera AB experienced a significant growth in short interest of 102.7% in August, with total short interest increasing from 25,900 to 52,500 shares.
• Despite reporting a quarterly earnings per share (EPS) of $0.10, which beat estimates, the company's revenue was significantly lower than expected at $2.03 billion compared to projections of $20.05 billion.
• The firm announced a dividend cut, with a payout of $0.062 representing a dividend yield of 362.0% and a payout ratio of 95.24%.

TeliaSonera AB (OTCMKTS:TLSNY - Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 52,500 shares, a growth of 102.7% from the August 15th total of 25,900 shares. Based on an average daily volume of 130,800 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 130,800 shares, the days-to-cover ratio is currently 0.4 days.

TeliaSonera Stock Performance

Shares of TLSNY opened at $7.70 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.86 and a quick ratio of 0.82. TeliaSonera has a one year low of $5.33 and a one year high of $8.10. The firm has a market capitalization of $15.14 billion, a P/E ratio of 36.67 and a beta of 0.38. The business has a fifty day moving average of $7.30 and a 200 day moving average of $7.26.

TeliaSonera (OTCMKTS:TLSNY - Get Free Report) last released its quarterly earnings results on Friday, July 18th. The technology company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $20.05 billion. TeliaSonera had a return on equity of 10.33% and a net margin of 5.19%. As a group, sell-side analysts anticipate that TeliaSonera will post 0.34 EPS for the current year.

TeliaSonera Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, August 20th. Stockholders of record on Friday, August 1st were paid a $0.062 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a dividend yield of 362.0%. TeliaSonera's dividend payout ratio is 95.24%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Kepler Capital Markets upgraded TeliaSonera from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 22nd. Redburn Atlantic cut TeliaSonera from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy".

About TeliaSonera

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.