Tele2 AB (publ) (OTCMKTS:TLTZY) Short Interest Up 320.0% in March

Tele2 AB (publ) (OTCMKTS:TLTZY) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 2,100 shares, a growth of 320.0% from the March 15th total of 500 shares. Based on an average daily trading volume, of 8,300 shares, the days-to-cover ratio is presently 0.3 days.

Tele2 AB (publ) Price Performance

Tele2 AB (publ) stock traded down $0.02 during midday trading on Friday, reaching $4.23. The company had a trading volume of 1,659 shares, compared to its average volume of 2,505. The company has a market capitalization of $5.67 billion, a P/E ratio of 16.98 and a beta of 0.61. Tele2 AB has a 12-month low of $3.32 and a 12-month high of $5.47. The firm’s fifty day simple moving average is $4.11 and its 200-day simple moving average is $4.00. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.69 and a quick ratio of 0.62.

Tele2 AB (publ) (OTCMKTS:TLTZY) last released its earnings results on Tuesday, January 30th. The company reported $0.06 earnings per share for the quarter. Tele2 AB (publ) had a net margin of 12.82% and a return on equity of 16.50%. The business had revenue of $722.36 million for the quarter. As a group, equities analysts anticipate that Tele2 AB will post 0.26 EPS for the current year.

Tele2 AB (publ) Company Profile

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.