Tele2 AB (publ) (OTCMKTS:TLTZY) Short Interest Up 1,300.0% in May

Tele2 AB (publ) (OTCMKTS:TLTZYGet Free Report) was the target of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 1,400 shares, a growth of 1,300.0% from the May 15th total of 100 shares. Based on an average trading volume of 3,900 shares, the days-to-cover ratio is presently 0.4 days.

Tele2 AB (publ) Price Performance

Shares of TLTZY traded down $0.12 during trading hours on Friday, hitting $4.84. 2,168 shares of the stock were exchanged, compared to its average volume of 1,175. The stock’s 50-day moving average price is $4.68 and its two-hundred day moving average price is $4.32. Tele2 AB has a 12-month low of $3.32 and a 12-month high of $5.20. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.82 and a current ratio of 0.89. The company has a market cap of $6.49 billion, a price-to-earnings ratio of 19.36 and a beta of 0.57.

Tele2 AB (publ) (OTCMKTS:TLTZYGet Free Report) last posted its quarterly earnings results on Thursday, April 18th. The company reported $0.06 earnings per share for the quarter. The firm had revenue of $688.12 million for the quarter. Tele2 AB (publ) had a net margin of 12.70% and a return on equity of 16.43%. Research analysts expect that Tele2 AB will post 0.25 earnings per share for the current year.

Tele2 AB (publ) Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, June 6th. Shareholders of record on Friday, May 17th were paid a $0.1568 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This is an increase from Tele2 AB (publ)’s previous dividend of $0.15. Tele2 AB (publ)’s dividend payout ratio (DPR) is 76.00%.

Tele2 AB (publ) Company Profile

(Get Free Report)

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.

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