Short Interest in Telia Company AB (publ) (OTCMKTS:TLSNY) Decreases By 54.8%

Telia Company AB (publ) (OTCMKTS:TLSNY) was the target of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 26,000 shares, a drop of 54.8% from the January 31st total of 57,500 shares. Based on an average trading volume of 39,000 shares, the days-to-cover ratio is presently 0.7 days.

Telia Company AB (publ) Stock Performance

Shares of TLSNY stock opened at $6.42 on Friday. 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 has a 52 week low of $4.53 and a 52 week high of $6.71. The company has a market capitalization of $12.62 billion, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 3.14 and a beta of 0.49. The company’s 50 day moving average price is $5.84 and its two-hundred day moving average price is $5.95.

Telia Company AB (publ) (OTCMKTS:TLSNY) last posted its quarterly earnings data 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 net margin of 7.95% and a return on equity of 6.59%. On average, analysts expect that Telia Company AB will post 0.34 earnings per share for the current fiscal year.

Telia Company AB (publ) Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 27th. Stockholders of record on Friday, February 7th were issued a $0.0893 dividend. The ex-dividend date of this dividend was Friday, February 7th. Telia Company AB (publ)’s dividend payout ratio (DPR) is presently 52.94%.

Wall Street Analyst Weigh In

Separately, Barclays lowered shares of Telia Company AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 6th.

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.