Millicom International Cellular S.A. (NASDAQ:TIGO) Short Interest Down 28.7% in November

Millicom International Cellular S.A. (NASDAQ:TIGO) was the recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 90,400 shares, a decline of 28.7% from the November 15th total of 126,800 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 92,600 shares, the short-interest ratio is presently 1.0 days.

Millicom International Cellular Stock Performance

Shares of TIGO traded down $0.07 during trading hours on Friday, reaching $24.40. 93,432 shares of the company traded hands, compared to its average volume of 100,358. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.66 and a quick ratio of 0.64. The business has a fifty day moving average price of $26.52 and a 200-day moving average price of $25.80. Millicom International Cellular has a 12-month low of $15.55 and a 12-month high of $28.75.

Millicom International Cellular (NASDAQ:TIGO) last released its quarterly earnings data on Thursday, November 7th. The technology company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.38). The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.46 billion. Millicom International Cellular had a return on equity of 4.43% and a net margin of 2.70%. The firm’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.03) EPS. On average, sell-side analysts predict that Millicom International Cellular will post 1.98 earnings per share for the current fiscal year.

Institutional Trading of Millicom International Cellular

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TIGO. Simplicity Wealth LLC boosted its stake in shares of Millicom International Cellular by 3.4% during the 3rd quarter. Simplicity Wealth LLC now owns 18,068 shares of the technology company’s stock worth $490,000 after acquiring an additional 600 shares in the last quarter. MML Investors Services LLC boosted its position in Millicom International Cellular by 5.3% during the third quarter. MML Investors Services LLC now owns 14,815 shares of the technology company’s stock worth $402,000 after purchasing an additional 750 shares in the last quarter. Signaturefd LLC boosted its position in Millicom International Cellular by 217.9% during the second quarter. Signaturefd LLC now owns 1,138 shares of the technology company’s stock worth $28,000 after purchasing an additional 780 shares in the last quarter. Blue Trust Inc. grew its holdings in Millicom International Cellular by 159.7% in the third quarter. Blue Trust Inc. now owns 2,223 shares of the technology company’s stock valued at $60,000 after purchasing an additional 1,367 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its position in shares of Millicom International Cellular by 11.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,441 shares of the technology company’s stock valued at $477,000 after buying an additional 1,964 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms recently commented on TIGO. JPMorgan Chase & Co. started coverage on shares of Millicom International Cellular in a research report on Friday, September 6th. They set an “overweight” rating and a $35.00 target price for the company. Scotiabank upgraded Millicom International Cellular from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $30.00 to $37.30 in a research note on Friday, September 20th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.66.

Millicom International Cellular Company Profile

Millicom International Cellular SA provides cable and mobile services in Latin America. It offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance.