Short Interest in Telia Company AB (publ) (OTCMKTS:TLSNY) Expands By 360.0%

Telia Company AB (publ) (OTCMKTS:TLSNY - Get Free Report) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 57,500 shares, a growth of 360.0% from the January 15th total of 12,500 shares. Based on an average daily trading volume, of 80,900 shares, the days-to-cover ratio is currently 0.7 days.

Wall Street Analysts Forecast Growth

Separately, Barclays lowered shares of Telia Company AB (publ) from a "hold" rating to a "strong sell" rating in a report on Wednesday, November 6th.

Telia Company AB (publ) Stock Up 1.4 %

Telia Company AB (publ) stock traded up $0.09 during trading on Friday, hitting $6.38. 9,915 shares of the company were exchanged, compared to its average volume of 49,941. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.66. The business's 50 day moving average is $5.67 and its 200 day moving average is $5.91. Telia Company AB has a 52 week low of $4.53 and a 52 week high of $6.71. The company has a market capitalization of $12.54 billion, a P/E ratio of 18.76 and a beta of 0.49.

Telia Company AB (publ) (OTCMKTS:TLSNY - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The technology company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.07). Telia Company AB (publ) had a net margin of 7.95% and a return on equity of 6.62%. Analysts predict that Telia Company AB will post 0.37 earnings per share for the current year.

Telia Company AB (publ) Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, February 27th. Stockholders of record on Friday, February 7th will be issued a $0.0893 dividend. The ex-dividend date is Friday, February 7th. Telia Company AB (publ)'s dividend payout ratio is presently 50.00%.

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.