Tele2 AB (publ) (OTCMKTS:TLTZY) Sees Large Growth in Short Interest

Tele2 AB (publ) (OTCMKTS:TLTZY) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totalling 400 shares, a growth of 100.0% from the June 30th total of 200 shares. Based on an average daily volume of 1,200 shares, the days-to-cover ratio is currently 0.3 days.

Tele2 AB (publ) Stock Performance

Shares of TLTZY remained flat at $4.82 during mid-day trading on Friday. 143 shares of the stock traded hands, compared to its average volume of 338. The company has a market capitalization of $6.47 billion, a P/E ratio of 19.30 and a beta of 0.56. Tele2 AB has a 1-year low of $3.32 and a 1-year 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 fifty day moving average of $4.86 and a 200-day moving average of $4.49.

Tele2 AB (publ) Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, June 6th. Investors of record on Friday, May 17th were paid a dividend of $0.1568 per share. This is a positive change from Tele2 AB (publ)’s previous dividend of $0.15. The ex-dividend date was Thursday, May 16th. Tele2 AB (publ)’s dividend payout ratio is presently 76.00%.

About Tele2 AB (publ)

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.