Tele2 (OTCMKTS:TLTZY) Shares Shorted: Short Interest Up 251.2% in September

Tele2 (OTCMKTS:TLTZY) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 115,996 shares, an increase of 251.2% from the August 31st total of 33,032 shares. Based on an average trading volume of 148,320 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.0% of the shares of the company are short sold.

Tele2 Stock Performance

Shares of OTCMKTS TLTZY opened at $8.37 on Friday. Tele2 has a 1 year low of $7.39 and a 1 year high of $11.61. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.64 and a current ratio of 0.70. The company has a market capitalization of $11.52 billion, a PE ratio of 10.73 and a beta of 0.39. The company’s fifty day moving average price is $8.63 and its 200 day moving average price is $9.36.

Tele2 (OTCMKTS:TLTZY) last announced its quarterly earnings results on Thursday, July 16th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). Tele2 had a net margin of 33.96% and a return on equity of 43.42%. The business had revenue of $766.77 million during the quarter, compared to analysts’ expectations of $750.18 million. On average, research analysts predict that Tele2 will post 0.78 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on TLTZY. Zacks Research downgraded Tele2 from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 9th. Sanford C. Bernstein cut Tele2 to a “market perform” rating in a research note on Thursday. Kepler Capital Markets raised Tele2 from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, BNP Paribas Exane lowered Tele2 from an “outperform” rating to a “neutral” rating in a research report on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Tele2 Company Profile

Tele2 AB is a Sweden-based telecommunications company that provides connectivity and digital communications services to consumers, businesses and public-sector organizations. Its offerings include mobile voice and data services, fixed broadband, telephony, television and related digital solutions.

The company also provides business connectivity, communications and Internet of Things services, helping organizations connect employees, locations, devices and industrial applications. Tele2 serves customers primarily in Sweden and the Baltic region, including Lithuania, Latvia and Estonia.

Founded in 1993, Tele2 established itself as a challenger in the Nordic telecommunications market and has expanded and reshaped its operations through acquisitions, disposals and partnerships.