Short Interest in Telia Company AB (publ) (OTCMKTS:TLSNY) Rises By 24.2%

Telia Company AB (publ) (OTCMKTS:TLSNY) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 30,800 shares, a growth of 24.2% from the December 31st total of 24,800 shares. Based on an average trading volume of 115,700 shares, the short-interest ratio is currently 0.3 days.

Telia Company AB (publ) Trading Down 1.9 %

Shares of OTCMKTS:TLSNY traded down $0.11 during mid-day trading on Friday, reaching $5.72. 16,543 shares of the company were exchanged, compared to its average volume of 57,969. Telia Company AB has a 1 year low of $4.53 and a 1 year high of $6.71. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.91 and a quick ratio of 0.86. The firm’s 50-day simple moving average is $5.59 and its 200 day simple moving average is $5.87. The firm has a market cap of $11.25 billion, a price-to-earnings ratio of 26.00 and a beta of 0.48.

Telia Company AB (publ) (OTCMKTS:TLSNY) last issued its quarterly earnings results on Thursday, January 30th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.07). Telia Company AB (publ) had a return on equity of 1.90% and a net margin of 5.37%. Equities research analysts forecast that Telia Company AB will post 0.31 EPS for the current year.

Telia Company AB (publ) Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, February 27th. Investors of record on Friday, February 7th will be paid a dividend of $0.0893 per share. The ex-dividend date is Friday, February 7th. Telia Company AB (publ)’s payout ratio is 86.37%.

Analysts Set New Price Targets

Separately, Barclays cut Telia Company AB (publ) from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 6th.

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.