Deutsche Telekom AG (OTCMKTS:DTEGY) Short Interest Up 167.8% in January

Deutsche Telekom AG (OTCMKTS:DTEGY) saw a significant growth in short interest in January. As of January 15th, there was short interest totalling 163,100 shares, a growth of 167.8% from the December 31st total of 60,900 shares. Based on an average trading volume of 324,800 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analysts Forecast Growth

DTEGY has been the topic of several research reports. Barclays raised shares of Deutsche Telekom to a “strong-buy” rating in a research report on Monday, November 18th. UBS Group upgraded Deutsche Telekom from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Finally, Citigroup raised Deutsche Telekom to a “strong-buy” rating in a research report on Thursday, October 17th.

Deutsche Telekom Stock Up 0.9 %

Shares of OTCMKTS:DTEGY traded up $0.30 during midday trading on Friday, hitting $33.64. The stock had a trading volume of 191,212 shares, compared to its average volume of 463,347. Deutsche Telekom has a 12 month low of $22.03 and a 12 month high of $33.73. The business’s 50-day simple moving average is $31.02 and its 200-day simple moving average is $29.50. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.15 and a quick ratio of 1.08.

Deutsche Telekom Company Profile

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.