Telia Company AB (publ) (OTCMKTS:TLSNY) Short Interest Down 59.4% in January

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

Telia Company AB (publ) Trading Up 0.3 %

Shares of OTCMKTS TLSNY traded up $0.02 during mid-day trading on Thursday, hitting $5.83. 21,014 shares of the company traded hands, compared to its average volume of 59,181. Telia Company AB has a 1 year low of $4.53 and a 1 year high of $6.71. The stock has a market capitalization of $11.46 billion, a price-to-earnings ratio of 26.50 and a beta of 0.48. 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 business has a 50 day moving average of $5.58 and a two-hundred day moving average of $5.87.

Telia Company AB (publ) (OTCMKTS:TLSNY) last announced its earnings results on Thursday, January 30th. The technology company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.07). Telia Company AB (publ) had a net margin of 5.37% and a return on equity of 1.90%. On average, sell-side analysts anticipate that Telia Company AB will post 0.31 earnings per share for the current fiscal year.

Telia Company AB (publ) Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, February 27th. Stockholders of record on Friday, February 7th will be issued a dividend of $0.0893 per share. The ex-dividend date of this dividend is Friday, February 7th. Telia Company AB (publ)’s dividend payout ratio is 77.27%.

Analysts Set New Price Targets

Separately, Barclays cut Telia Company AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 6th.

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.