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

Deutsche Telekom AG (OTCMKTS:DTEGY) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 60,900 shares, a drop of 39.2% from the November 30th total of 100,200 shares. Based on an average daily trading volume, of 556,600 shares, the short-interest ratio is presently 0.1 days.

Deutsche Telekom Stock Up 0.2 %

DTEGY stock opened at $30.12 on Friday. Deutsche Telekom has a 1-year low of $22.03 and a 1-year high of $32.47. The stock has a market cap of $150.19 billion, a P/E ratio of 17.36, a P/E/G ratio of 1.33 and a beta of 0.72. The stock’s fifty day simple moving average is $30.73 and its two-hundred day simple moving average is $28.48. The company has a current ratio of 1.15, a quick ratio of 1.08 and a debt-to-equity ratio of 1.04.

Wall Street Analysts Forecast Growth

DTEGY has been the topic of several recent research reports. UBS Group downgraded Deutsche Telekom from a “buy” rating to a “neutral” rating in a report on Tuesday, September 10th. Barclays raised shares of Deutsche Telekom to a “strong-buy” rating in a research report on Monday, November 18th. Berenberg Bank upgraded shares of Deutsche Telekom to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, Citigroup raised Deutsche Telekom to a “strong-buy” rating in a research note on Thursday, October 17th.

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.