Tele2 (OTCMKTS:TLTZY) Shares Shorted: Short Interest Down 87.6% in September

Tele2 (OTCMKTS:TLTZY) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 14,400 shares, a decline of 87.6% from the September 15th total of 115,996 shares. Based on an average daily trading volume, of 173,551 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

TLTZY has been the subject of a number of research reports. Zacks Research cut shares of Tele2 from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 9th. Kepler Capital Markets raised Tele2 from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. BNP Paribas Exane cut Tele2 from an “outperform” rating to a “neutral” rating in a report on Wednesday, September 9th. Finally, Sanford C. Bernstein cut Tele2 to a “market perform” rating in a report on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Tele2 Trading Down 2.7%

Shares of TLTZY opened at $7.68 on Friday. Tele2 has a fifty-two week low of $7.39 and a fifty-two week high of $11.61. The company has a market capitalization of $10.57 billion, a PE ratio of 9.85 and a beta of 0.38. The stock has a fifty day moving average of $8.55 and a two-hundred day moving average of $9.18. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.64 and a current ratio of 0.70.

Tele2 (OTCMKTS:TLTZY) last announced its quarterly earnings data on Thursday, July 16th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Tele2 had a net margin of 33.96% and a return on equity of 43.42%. The business had revenue of $766.77 million during the quarter, compared to analysts’ expectations of $750.18 million. As a group, analysts forecast that Tele2 will post 0.78 EPS for the current year.

About Tele2

Tele2 AB is a Swedish telecommunications company that provides mobile and fixed communications services to consumers, businesses and public-sector customers. Its offerings include mobile voice and data services, broadband connectivity, fixed-line communications, digital television and related communications solutions.

The company also provides internet-of-things (IoT) connectivity and other business services designed to help organizations connect devices, manage communications and support digital operations.