Deutsche Telekom AG (OTCMKTS:DTEGY) Short Interest Down 60.4% in August

Deutsche Telekom AG (OTCMKTS:DTEGY) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 30,500 shares, a drop of 60.4% from the August 15th total of 77,000 shares. Based on an average trading volume of 475,000 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, UBS Group downgraded shares of Deutsche Telekom from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 10th.

Deutsche Telekom Trading Up 1.0 %

Shares of DTEGY stock traded up $0.28 during trading hours on Friday, hitting $29.65. 224,472 shares of the company’s stock traded hands, compared to its average volume of 324,663. The stock’s 50 day simple moving average is $27.22 and its 200 day simple moving average is $25.07. The stock has a market cap of $147.85 billion, a PE ratio of 16.55, a price-to-earnings-growth ratio of 1.02 and a beta of 0.70. Deutsche Telekom has a 12 month low of $20.48 and a 12 month high of $29.71. The company has a quick ratio of 0.93, a current ratio of 0.99 and a debt-to-equity ratio of 1.06.

Deutsche Telekom (OTCMKTS:DTEGY) last posted its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.54 earnings per share for the quarter. Deutsche Telekom had a net margin of 4.48% and a return on equity of 7.51%. The company had revenue of $30.56 billion during the quarter. On average, sell-side analysts anticipate that Deutsche Telekom will post 1.96 EPS for the current year.

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.