Tele2 AB (publ) (OTCMKTS:TLTZY) Sees Significant Decline in Short Interest

Tele2 AB (publ) (OTCMKTS:TLTZY) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totalling 300 shares, a decline of 25.0% from the July 15th total of 400 shares. Based on an average daily trading volume, of 300 shares, the days-to-cover ratio is presently 1.0 days.

Tele2 AB (publ) Trading Up 0.1 %

TLTZY stock traded up $0.01 during midday trading on Thursday, reaching $5.18. The company’s stock had a trading volume of 282 shares, compared to its average volume of 2,308. Tele2 AB has a 1 year low of $3.32 and a 1 year high of $5.20. The firm has a market capitalization of $6.94 billion, a price-to-earnings ratio of 20.68 and a beta of 0.56. The stock has a fifty day simple moving average of $4.93 and a two-hundred day simple moving average of $4.56. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.82 and a current ratio of 0.89.

Tele2 AB (publ) (OTCMKTS:TLTZY) last announced its quarterly earnings data on Wednesday, July 17th. The company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $678.91 million for the quarter. Tele2 AB (publ) had a return on equity of 16.25% and a net margin of 12.85%. On average, equities research analysts predict that Tele2 AB will post 0.25 EPS for the current year.

About Tele2 AB (publ)

Tele2 AB (publ) provides fixed and mobile connectivity, handset related data services, and entertainment services in Sweden, Lithuania, Latvia, and Estonia. The company offers mobile telephony and data, fixed broadband, fixed telephony, switch and contact center, cloud services, IT services, network services, workplace, video and collaboration, united communications, and security services.