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.
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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