Telefonica S.A. (NYSE:TEF) Sees Significant Drop in Short Interest

Telefonica S.A. (NYSE:TEF) saw a significant drop in short interest in January. As of January 31st, there was short interest totalling 1,880,000 shares, a drop of 13.8% from the January 15th total of 2,180,000 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 1,590,000 shares, the days-to-cover ratio is currently 1.2 days.

A number of large investors have recently modified their holdings of the business. M&T Bank Corp grew its position in Telefonica by 7.4% in the fourth quarter. M&T Bank Corp now owns 25,733 shares of the utilities provider’s stock valued at $179,000 after acquiring an additional 1,777 shares in the last quarter. Virtu Financial LLC grew its position in Telefonica by 8.9% in the third quarter. Virtu Financial LLC now owns 23,376 shares of the utilities provider’s stock valued at $178,000 after acquiring an additional 1,915 shares in the last quarter. CIBC World Markets Inc. grew its position in Telefonica by 0.3% in the fourth quarter. CIBC World Markets Inc. now owns 642,951 shares of the utilities provider’s stock valued at $4,481,000 after acquiring an additional 2,041 shares in the last quarter. Nomura Holdings Inc. grew its position in Telefonica by 9.9% in the third quarter. Nomura Holdings Inc. now owns 23,382 shares of the utilities provider’s stock valued at $177,000 after acquiring an additional 2,104 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its stake in shares of Telefonica by 6.6% during the 4th quarter. Eagle Asset Management Inc. now owns 40,460 shares of the utilities provider’s stock valued at $282,000 after buying an additional 2,493 shares during the last quarter. 0.91% of the stock is owned by institutional investors.

NYSE:TEF traded up $0.05 during trading hours on Friday, hitting $6.79. The stock had a trading volume of 1,566,600 shares, compared to its average volume of 1,375,927. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 2.11. Telefonica has a 1-year low of $6.50 and a 1-year high of $9.01. The business has a 50 day simple moving average of $6.87 and a two-hundred day simple moving average of $7.25. The company has a market cap of $35.07 billion, a PE ratio of 17.41, a price-to-earnings-growth ratio of 1.00 and a beta of 0.71.

TEF has been the subject of several recent research reports. Barclays raised shares of Telefonica from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 2nd. Credit Suisse Group raised shares of Telefonica from a “neutral” rating to an “outperform” rating in a research report on Monday, November 11th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $8.50.

Telefonica Company Profile

Telefónica, SA provides mobile and fixed communication services primarily in Europe and Latin America. The company's mobile and related services and products comprise mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.

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