TeliaSonera AB (OTCMKTS:TLSNY) Sees Significant Growth in Short Interest

TeliaSonera AB (OTCMKTS:TLSNY) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 10,556 shares, a growth of 554.0% from the August 31st total of 1,614 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 153,067 shares, the days-to-cover ratio is presently 0.1 days.

TeliaSonera Price Performance

Shares of TLSNY opened at $9.18 on Friday. TeliaSonera has a twelve month low of $7.36 and a twelve month high of $10.98. The company has a market capitalization of $18.05 billion, a P/E ratio of 34.00 and a beta of 0.37. The firm has a 50 day moving average of $9.22 and a 200 day moving average of $9.84. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.46.

TeliaSonera (OTCMKTS:TLSNY) last released its quarterly earnings data on Friday, July 17th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. TeliaSonera had a return on equity of 9.20% and a net margin of 6.26%.The business had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.14 billion. As a group, equities research analysts anticipate that TeliaSonera will post 0.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TLSNY has been the topic of several analyst reports. Berenberg Bank downgraded TeliaSonera from a “hold” rating to a “strong sell” rating in a report on Friday, June 12th. Barclays upgraded TeliaSonera from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

About TeliaSonera

TeliaSonera, now operating under the name Telia Company AB, is a telecommunications and digital services provider headquartered in Solna, Sweden. The company offers mobile and fixed-line communications, broadband, television, and related digital services to consumers, businesses, and public-sector organizations.

Telia’s consumer services include mobile voice and data plans, fiber and fixed broadband, pay television, and home communications solutions. Through its enterprise operations, the company provides connectivity, communications, information technology, and managed services designed to support businesses and government customers.

The company traces its history to Sweden’s former state telecommunications operator, Telia, and Finland’s Sonera.