Tele2 AB (publ) (OTCMKTS:TLTZY) Short Interest Up 100.0% in October

Tele2 AB (publ) (OTCMKTS:TLTZY) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 200 shares, a growth of 100.0% from the October 15th total of 100 shares. Based on an average trading volume of 400 shares, the short-interest ratio is presently 0.5 days.

Tele2 AB (publ) Price Performance

Shares of TLTZY stock traded down $0.22 during trading hours on Friday, reaching $4.98. 500 shares of the company were exchanged, compared to its average volume of 249. The stock’s fifty day moving average is $5.44 and its two-hundred day moving average is $5.14. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 19.15 and a beta of 0.58. Tele2 AB has a fifty-two week low of $3.68 and a fifty-two week high of $5.78. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.52 and a quick ratio of 0.46.

Tele2 AB (publ) (OTCMKTS:TLTZY) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $0.08 earnings per share for the quarter. Tele2 AB (publ) had a net margin of 12.97% and a return on equity of 17.09%. The business had revenue of $709.41 million for the quarter. Sell-side analysts forecast that Tele2 AB will post 0.27 earnings per share for the current fiscal year.

Tele2 AB (publ) Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, November 4th. Shareholders of record on Tuesday, October 15th were paid a $0.111 dividend. The ex-dividend date was Tuesday, October 15th. Tele2 AB (publ)’s dividend payout ratio is 61.54%.

Analyst Upgrades and Downgrades

Separately, Citigroup raised shares of Tele2 AB (publ) to a “strong-buy” rating in a research note on Tuesday, September 24th.

Tele2 AB (publ) Company Profile

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.