TeliaSonera AB (OTCMKTS:TLSNY) Shares Shorted: Short Interest Down 42.3% in October

TeliaSonera AB (OTCMKTS:TLSNY) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 34,531 shares, a drop of 42.3% from the September 30th total of 59,888 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 310,961 shares, the short-interest ratio is currently 0.1 days.

TeliaSonera Price Performance

OTCMKTS TLSNY opened at $9.96 on Tuesday. TeliaSonera has a 12 month low of $7.56 and a 12 month high of $10.98. The firm has a market capitalization of $19.58 billion, a PE ratio of 35.57 and a beta of 0.37. The company’s 50 day simple moving average is $9.24 and its 200 day simple moving average is $9.70. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.66 and a quick ratio of 0.62.

TeliaSonera (OTCMKTS:TLSNY) last released its earnings results on Thursday, October 22nd. The technology company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.08 billion. TeliaSonera had a return on equity of 9.82% and a net margin of 6.54%. As a group, equities research analysts forecast that TeliaSonera will post 0.43 EPS for the current fiscal year.

About TeliaSonera

TeliaSonera, now known as Telia Company AB, is a Swedish telecommunications and digital services company. It was formed in 2003 through the merger of Sweden’s Telia and Finland’s Sonera and adopted the Telia Company name in 2016. The company provides connectivity and communications services to consumers, businesses and public-sector organizations.

Its offerings include mobile and fixed-line communications, broadband, television and digital entertainment, as well as enterprise networking, cloud, cybersecurity and information technology services.