Millicom International Cellular S.A. (NASDAQ:TIGO) Short Interest Down 45.1% in May

Millicom International Cellular S.A. (NASDAQ:TIGOGet Rating) was the target of a large decrease in short interest in May. As of May 31st, there was short interest totalling 281,800 shares, a decrease of 45.1% from the May 15th total of 513,400 shares. Based on an average daily trading volume, of 123,800 shares, the days-to-cover ratio is presently 2.3 days.

A number of hedge funds have recently made changes to their positions in the stock. Advisor Group Holdings Inc. grew its holdings in Millicom International Cellular by 261.5% during the first quarter. Advisor Group Holdings Inc. now owns 1,128 shares of the technology company’s stock worth $28,000 after acquiring an additional 816 shares during the period. AlphaMark Advisors LLC boosted its position in shares of Millicom International Cellular by 108.9% during the 1st quarter. AlphaMark Advisors LLC now owns 1,274 shares of the technology company’s stock valued at $32,000 after purchasing an additional 664 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Millicom International Cellular by 49.5% in the 4th quarter. JPMorgan Chase & Co. now owns 1,169 shares of the technology company’s stock worth $33,000 after purchasing an additional 387 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Millicom International Cellular in the 1st quarter worth approximately $50,000. Finally, UBS Group AG lifted its stake in Millicom International Cellular by 539.7% during the first quarter. UBS Group AG now owns 2,482 shares of the technology company’s stock valued at $62,000 after purchasing an additional 2,094 shares during the last quarter. 10.83% of the stock is owned by institutional investors and hedge funds.

TIGO has been the subject of a number of recent analyst reports. Scotiabank decreased their price objective on Millicom International Cellular from $36.10 to $26.30 in a report on Thursday, May 19th. JPMorgan Chase & Co. raised Millicom International Cellular from a “neutral” rating to an “overweight” rating in a report on Thursday, March 31st.

Shares of NASDAQ TIGO opened at $16.59 on Monday. Millicom International Cellular has a 1 year low of $16.05 and a 1 year high of $43.45. The firm has a market cap of $1.69 billion, a P/E ratio of 2.91 and a beta of 0.85. The stock has a fifty day moving average price of $21.92 and a two-hundred day moving average price of $25.00. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.52 and a current ratio of 0.54.

Millicom International Cellular Company Profile (Get Rating)

Millicom International Cellular SA provides cable and mobile services in Latin America and Africa. The company offers mobile services, including mobile data and voice; short message service; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance.

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