Deutsche Telekom AG (OTCMKTS:DTEGY) Short Interest Up 93.4% in September

Deutsche Telekom AG (OTCMKTS:DTEGY) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 73,500 shares, an increase of 93.4% from the September 15th total of 38,000 shares. Based on an average daily volume of 499,400 shares, the days-to-cover ratio is currently 0.1 days.

Deutsche Telekom Trading Down 0.4 %

DTEGY stock traded down $0.12 during midday trading on Friday, reaching $29.61. 747,759 shares of the company traded hands, compared to its average volume of 319,178. The firm has a market capitalization of $147.65 billion, a price-to-earnings ratio of 17.02, a P/E/G ratio of 1.25 and a beta of 0.71. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.99. The business has a 50 day moving average of $28.50 and a 200-day moving average of $25.83. Deutsche Telekom has a 52-week low of $21.18 and a 52-week high of $30.08.

Deutsche Telekom (OTCMKTS:DTEGY) last issued its quarterly earnings results on Thursday, August 8th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter. Deutsche Telekom had a return on equity of 7.51% and a net margin of 4.48%. The company had revenue of $30.56 billion during the quarter. As a group, sell-side analysts expect that Deutsche Telekom will post 1.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DTEGY. UBS Group downgraded Deutsche Telekom from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 10th. Berenberg Bank raised shares of Deutsche Telekom to a “strong-buy” rating in a research note on Thursday, September 19th.

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.