Mobil’nye Telesistemy PAO (NYSE:MBT) Short Interest Up 11.4% in December

Mobil’nye Telesistemy PAO (NYSE:MBT) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 1,560,000 shares, an increase of 11.4% from the December 15th total of 1,400,000 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 3,570,000 shares, the days-to-cover ratio is currently 0.4 days.

MBT has been the subject of a number of recent research reports. Zacks Investment Research downgraded Mobil’nye Telesistemy PAO from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine downgraded Mobil’nye Telesistemy PAO from a “sell” rating to a “strong sell” rating in a research note on Friday, January 3rd.

Shares of NYSE:MBT traded up $0.13 during mid-day trading on Thursday, reaching $10.38. 94,895 shares of the company traded hands, compared to its average volume of 2,687,272. The company’s 50 day moving average price is $9.92 and its 200-day moving average price is $8.83. The firm has a market cap of $9.39 billion, a PE ratio of 9.87, a PEG ratio of 1.82 and a beta of 1.02. The company has a debt-to-equity ratio of 8.90, a current ratio of 0.55 and a quick ratio of 0.51. Mobil’nye Telesistemy PAO has a 52 week low of $7.39 and a 52 week high of $10.74.

Mobil’nye Telesistemy PAO (NYSE:MBT) last posted its quarterly earnings results on Tuesday, November 19th. The Wireless communications provider reported $0.32 earnings per share for the quarter. Mobil’nye Telesistemy PAO had a return on equity of 104.29% and a net margin of 12.39%. The business had revenue of $2.07 billion during the quarter. On average, research analysts predict that Mobil’nye Telesistemy PAO will post 1.08 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its stake in Mobil’nye Telesistemy PAO by 155.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,460 shares of the Wireless communications provider’s stock worth $85,000 after purchasing an additional 6,366 shares during the period. Vanguard Capital Wealth Advisors purchased a new stake in shares of Mobil’nye Telesistemy PAO during the 3rd quarter worth approximately $91,000. Corient Capital Partners LLC purchased a new stake in shares of Mobil’nye Telesistemy PAO during the 3rd quarter worth approximately $98,000. LPL Financial LLC boosted its position in shares of Mobil’nye Telesistemy PAO by 16.1% during the 2nd quarter. LPL Financial LLC now owns 15,974 shares of the Wireless communications provider’s stock valued at $149,000 after acquiring an additional 2,213 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Mobil’nye Telesistemy PAO by 19.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 16,900 shares of the Wireless communications provider’s stock valued at $157,000 after acquiring an additional 2,700 shares during the last quarter. Institutional investors and hedge funds own 30.82% of the company’s stock.

Mobil’nye Telesistemy PAO Company Profile

Public Joint-Stock Company Mobile TeleSystems provides telecommunication services in Russia, Ukraine, Turkmenistan, and Armenia. It operates through three segments: Russia Convergent, Moscow Fixed Line, and Ukraine. The company offers voice and data transmission; Internet access; pay TV; and various value added services, including big data, Internet of Things, cloud, financial, and e-commerce services through wireless and fixed lines, as well as sells equipment, accessories, and software.

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