Telia Company AB (publ) (OTCMKTS:TLSNY) Short Interest Up 193.6% in May

Telia Company AB (publ) (OTCMKTS:TLSNY) was the recipient of a large increase in short interest in May. As of May 31st, there was short interest totalling 87,200 shares, an increase of 193.6% from the May 15th total of 29,700 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 126,700 shares, the days-to-cover ratio is presently 0.7 days.

Telia Company AB (publ) Trading Up 2.2%

OTCMKTS:TLSNY opened at $7.50 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.77 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $14.75 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 3.14 and a beta of 0.40. The firm’s 50 day moving average is $7.41 and its 200 day moving average is $6.56. Telia Company AB has a 12 month low of $5.00 and a 12 month high of $8.10.

Telia Company AB (publ) (OTCMKTS:TLSNY) last posted its quarterly earnings results on Thursday, April 24th. The technology company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.04. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $21.51 billion. Telia Company AB (publ) had a net margin of 7.95% and a return on equity of 6.59%. Sell-side analysts expect that Telia Company AB will post 0.34 earnings per share for the current year.

Telia Company AB (publ) Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, May 1st. Investors of record on Friday, April 11th were issued a $0.0996 dividend. The ex-dividend date of this dividend was Friday, April 11th. This is a boost from Telia Company AB (publ)’s previous dividend of $0.09. Telia Company AB (publ)’s payout ratio is 81.82%.

Wall Street Analysts Forecast Growth

Separately, Redburn Atlantic cut shares of Telia Company AB (publ) from a “strong-buy” rating to a “hold” rating in a research report on Tuesday.

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.