Telefónica Deutschland Holding AG (OTCMKTS:TELDF) Short Interest Update

Telefónica Deutschland Holding AG (OTCMKTS:TELDFGet Rating) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 8,261,800 shares, an increase of 22.6% from the April 15th total of 6,738,500 shares. Based on an average daily volume of 3,500 shares, the days-to-cover ratio is presently 2,360.5 days.

OTCMKTS:TELDF opened at $3.08 on Wednesday. The business’s fifty day moving average price is $2.80 and its 200 day moving average price is $2.81. Telefónica Deutschland has a 12 month low of $2.56 and a 12 month high of $3.26.

A number of brokerages have issued reports on TELDF. Barclays boosted their target price on Telefónica Deutschland to €3.40 ($3.54) in a research report on Thursday, May 12th. UBS Group lowered Telefónica Deutschland from a “buy” rating to a “neutral” rating in a research report on Friday, March 18th. Finally, Oddo Bhf assumed coverage on Telefónica Deutschland in a research report on Thursday, February 17th. They set a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $3.08.

About Telefónica Deutschland (Get Rating)

Telefónica Deutschland Holding AG provides integrated telecommunication services to private and business customers in Germany. It offers mobile and stationery voice and data services; very high data rate digital subscriber line (VDSL) internet services; fiber-to-the-home lines; broadband services, consisting of VDSL, cable, fiber, and fixed mobile substitution services; and machine to machine communication and managed connectivity services.

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