Deutsche Telekom AG (OTCMKTS:DTEGY) Sees Significant Increase in Short Interest

Deutsche Telekom AG (OTCMKTS:DTEGY) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 163,100 shares, an increase of 167.8% from the December 31st total of 60,900 shares. Based on an average daily volume of 324,800 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DTEGY shares. Citigroup upgraded shares of Deutsche Telekom to a “strong-buy” rating in a research note on Thursday, October 17th. UBS Group raised shares of Deutsche Telekom from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Finally, Barclays upgraded Deutsche Telekom to a “strong-buy” rating in a research note on Monday, November 18th.

Deutsche Telekom Trading Up 0.9 %

OTCMKTS DTEGY traded up $0.30 on Thursday, hitting $33.64. The company’s stock had a trading volume of 191,212 shares, compared to its average volume of 499,811. The company’s 50-day moving average is $30.96 and its 200 day moving average is $29.47. Deutsche Telekom has a 1-year low of $22.03 and a 1-year high of $33.73. The company has a current ratio of 1.15, a quick ratio of 1.08 and a debt-to-equity ratio of 1.04.

About Deutsche Telekom

Deutsche Telekom AG, together with its subsidiaries, provides integrated telecommunication services. The company operates through Germany, United States, Europe, Systems Solutions, Group Development, and Group Headquarters and Group Services segments. It offers fixed-network services, including voice and data communication services based on fixed-network and broadband technology; and sells terminal equipment and other hardware products, as well as services to resellers.