Telia Company AB (publ) (OTCMKTS:TLSNY) Sees Large Decrease in Short Interest

Telia Company AB (publ) (OTCMKTS:TLSNY) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 12,500 shares, a decrease of 59.4% from the December 31st total of 30,800 shares. Based on an average trading volume of 169,800 shares, the days-to-cover ratio is currently 0.1 days.

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) Trading Down 1.9 %

Shares of OTCMKTS:TLSNY traded down $0.11 during trading on Friday, reaching $5.72. 16,543 shares of the company were exchanged, compared to its average volume of 57,969. The business’s fifty day simple moving average is $5.59 and its 200-day simple moving average is $5.87. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.91 and a quick ratio of 0.86. Telia Company AB has a 12-month low of $4.53 and a 12-month high of $6.71. The firm has a market capitalization of $11.25 billion, a PE ratio of 26.00 and a beta of 0.48.

Telia Company AB (publ) (OTCMKTS:TLSNY) last released its quarterly earnings data on Thursday, January 30th. The technology company reported ($0.02) earnings per share 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%. On average, research analysts anticipate that Telia Company AB will post 0.31 EPS for the current year.

Telia Company AB (publ) Cuts Dividend

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

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.