Telia Company AB (publ) (OTCMKTS:TLSNY) Short Interest Up 24.2% in January

Telia Company AB (publ) (OTCMKTS:TLSNY - Get Free Report) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 30,800 shares, an increase of 24.2% from the December 31st total of 24,800 shares. Based on an average daily volume of 115,700 shares, the days-to-cover ratio is currently 0.3 days.

Telia Company AB (publ) Stock Performance

Shares of TLSNY stock traded up $0.22 on Friday, hitting $5.94. The company's stock had a trading volume of 56,845 shares, compared to its average volume of 57,969. Telia Company AB has a fifty-two week low of $4.53 and a fifty-two week high of $6.71. The company has a market capitalization of $11.68 billion, a PE ratio of 27.00 and a beta of 0.48. The stock's 50 day moving average is $5.59 and its 200-day moving average is $5.88. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.86 and a current ratio of 0.91.

Telia Company AB (publ) (OTCMKTS:TLSNY - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The technology company reported ($0.02) earnings per share (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%. Equities research analysts expect that Telia Company AB will post 0.31 earnings per share for the current fiscal year.

Telia Company AB (publ) Cuts Dividend

The company also recently declared 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 (DPR) is presently 86.37%.

Analyst Upgrades and Downgrades

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.