Deutsche Telekom AG (OTCMKTS:DTEGY) Sees Significant Increase in Short Interest

Deutsche Telekom AG (OTCMKTS:DTEGY) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 163,100 shares, an increase of 167.8% from the December 31st total of 60,900 shares. Based on an average daily volume of 324,800 shares, the days-to-cover ratio is presently 0.5 days.

Deutsche Telekom Price Performance

Shares of DTEGY stock traded up $0.30 during trading on Thursday, hitting $33.64. The company had a trading volume of 191,212 shares, compared to its average volume of 499,811. The stock’s 50-day moving average is $30.96 and its two-hundred day moving average is $29.47. The company has a quick ratio of 1.08, a current ratio of 1.15 and a debt-to-equity ratio of 1.04. Deutsche Telekom has a 52 week low of $22.03 and a 52 week high of $33.73.

Analyst Upgrades and Downgrades

DTEGY has been the subject of a number of analyst reports. UBS Group upgraded shares of Deutsche Telekom from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Citigroup upgraded shares of Deutsche Telekom to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, Barclays upgraded Deutsche Telekom to a “strong-buy” rating in a research report on Monday, November 18th.

About Deutsche Telekom

Deutsche Telekom AG, together with its subsidiaries, provides integrated telecommunication services. The company operates through Germany, United States, Europe, Systems Solutions, Group Development, and Group Headquarters and Group Services segments. It offers fixed-network services, including voice and data communication services based on fixed-network and broadband technology; and sells terminal equipment and other hardware products, as well as services to resellers.