Short Interest in Telia Company AB (publ) (OTCMKTS:TLSNY) Expands By 65.5%

Telia Company AB (publ) (OTCMKTS:TLSNY) was the target of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 24,000 shares, an increase of 65.5% from the November 15th total of 14,500 shares. Based on an average daily volume of 114,100 shares, the days-to-cover ratio is presently 0.2 days.

Telia Company AB (publ) Price Performance

OTCMKTS:TLSNY traded up $0.01 during mid-day trading on Friday, reaching $5.51. 31,584 shares of the company were exchanged, compared to its average volume of 36,867. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.66. The stock has a market cap of $10.83 billion, a PE ratio of 25.00 and a beta of 0.47. Telia Company AB has a 12 month low of $4.53 and a 12 month high of $6.71. The company has a fifty day moving average of $5.84 and a 200 day moving average of $5.79.

Telia Company AB (publ) (OTCMKTS:TLSNY) last issued its quarterly earnings results on Thursday, October 24th. The technology company reported $0.11 earnings per share for the quarter. Telia Company AB (publ) had a net margin of 5.37% and a return on equity of 1.90%. The business had revenue of $2.09 billion during the quarter. On average, research analysts anticipate that Telia Company AB will post 0.31 EPS for the current fiscal year.

Telia Company AB (publ) Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, November 20th. Shareholders of record on Thursday, October 31st were paid a $0.099 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This is a boost from Telia Company AB (publ)’s previous dividend of $0.10. Telia Company AB (publ)’s dividend payout ratio (DPR) is presently 81.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TLSNY shares. Barclays lowered shares of Telia Company AB (publ) from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 6th. BNP Paribas upgraded Telia Company AB (publ) to a “strong-buy” rating in a research report on Monday, September 16th. Finally, New Street Research raised Telia Company AB (publ) to a “hold” rating in a report on Thursday, September 26th.

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.