TeliaSonera AB (OTCMKTS:TLSNY) Short Interest Up 215.7% in May

TeliaSonera AB (OTCMKTS:TLSNY) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 44,172 shares, an increase of 215.7% from the April 30th total of 13,991 shares. Based on an average daily volume of 131,783 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

TeliaSonera Stock Up 0.4%

TLSNY opened at $10.68 on Friday. The business has a 50 day moving average price of $10.35 and a 200 day moving average price of $9.39. TeliaSonera has a twelve month low of $6.67 and a twelve month high of $10.98. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.69 and a current ratio of 0.74. The firm has a market cap of $21.00 billion, a P/E ratio of 42.72 and a beta of 0.35.

TeliaSonera (OTCMKTS:TLSNY) last posted its earnings results on Friday, April 24th. The technology company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). TeliaSonera had a return on equity of 8.67% and a net margin of 5.98%.The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.21 billion. Research analysts forecast that TeliaSonera will post 0.49 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded TeliaSonera to a “strong-buy” rating in a report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, TeliaSonera currently has a consensus rating of “Buy”.

TeliaSonera Company Profile

TeliaSonera (OTCMKTS:TLSNY) operates under the Telia Company brand as one of the leading telecommunications providers in the Nordic and Baltic regions. The company delivers a wide range of services, including mobile and fixed voice communications, broadband internet, television and streaming offerings, and enterprise-grade data and IP solutions. Its consumer segment focuses on mobile subscriptions, digital TV packages and home connectivity, while its business division provides managed network services, cloud platforms and Internet of Things (IoT) applications.

The roots of TeliaSonera trace back to the 19th century with Sweden’s Royal Telegraph Agency and Finland’s national carrier, Sonera.