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

TeliaSonera AB (OTCMKTS:TLSNY) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 59,888 shares, a growth of 467.3% from the September 15th total of 10,556 shares. Based on an average daily volume of 179,663 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Barclays raised TeliaSonera from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, TeliaSonera has an average rating of “Hold”.

TeliaSonera Price Performance

TLSNY stock opened at $8.61 on Monday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.62 and a current ratio of 0.66. The firm has a 50 day moving average price of $9.13 and a 200-day moving average price of $9.75. TeliaSonera has a 52-week low of $7.36 and a 52-week high of $10.98. The firm has a market capitalization of $16.93 billion, a price-to-earnings ratio of 31.89 and a beta of 0.37.

TeliaSonera (OTCMKTS:TLSNY) last posted its quarterly earnings results on Friday, July 17th. The technology company reported $0.12 earnings per share for the quarter, topping 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 company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.14 billion. Equities research analysts forecast that TeliaSonera will post 0.45 EPS for the current fiscal year.

TeliaSonera Company Profile

TeliaSonera, now known as Telia Company AB, is a telecommunications and digital services provider headquartered in Sweden. The company offers mobile and fixed-line communications, broadband, data connectivity, television, digital content, and information technology services to consumers, businesses, and public-sector organizations.

Its consumer operations provide mobile voice and data services, home broadband, television, and related digital products. Telia also serves enterprise customers with telecommunications networks, cloud connectivity, security, managed services, and other communications solutions.