Tele2 AB (publ) (OTCMKTS:TLTZY) Short Interest Up 72.7% in May

Tele2 AB (publ) (OTCMKTS:TLTZY) saw a significant growth in short interest in May. As of May 31st, there was short interest totalling 1,900 shares, a growth of 72.7% from the May 15th total of 1,100 shares. Based on an average daily trading volume, of 300 shares, the short-interest ratio is presently 6.3 days. Approximately 0.0% of the shares of the stock are short sold.

Tele2 AB (publ) Trading Down 0.6%

Shares of TLTZY stock opened at $7.42 on Monday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.47 and a current ratio of 0.54. Tele2 AB has a 52-week low of $4.62 and a 52-week high of $8.00. The company has a market capitalization of $10.16 billion, a PE ratio of 28.54 and a beta of 0.53. The business’s fifty day moving average is $7.14 and its 200 day moving average is $6.09.

Tele2 AB (publ) (OTCMKTS:TLTZY) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Tele2 AB (publ) had a return on equity of 17.50% and a net margin of 13.05%. The business had revenue of $670.12 million during the quarter, compared to analysts’ expectations of $7.33 billion. On average, equities research analysts anticipate that Tele2 AB will post 0.28 EPS for the current fiscal year.

Tele2 AB (publ) Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, June 4th. Shareholders of record on Friday, May 16th were given a dividend of $0.0972 per share. The ex-dividend date was Thursday, May 15th. This represents a yield of 2.77%. Tele2 AB (publ)’s payout ratio is 88.46%.

About Tele2 AB (publ)

Tele2 AB (publ) provides fixed and mobile connectivity, handset related data services, and entertainment services in Sweden, Lithuania, Latvia, and Estonia. The company offers mobile telephony and data, fixed broadband, fixed telephony, switch and contact center, cloud services, IT services, network services, workplace, video and collaboration, united communications, and security services.