Millicom International Cellular SA (NASDAQ:TIGO) Short Interest Update

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Millicom International Cellular SA (NASDAQ:TIGO) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 96,000 shares, a decline of 54.9% from the June 30th total of 213,000 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 144,300 shares, the short-interest ratio is presently 0.7 days.

Institutional investors have recently modified their holdings of the stock. Sunbelt Securities Inc. bought a new position in Millicom International Cellular in the 4th quarter worth $3,617,000. FNY Investment Advisers LLC bought a new position in Millicom International Cellular in the 2nd quarter worth $78,000. JPMorgan Chase & Co. bought a new position in Millicom International Cellular in the 1st quarter worth $98,000. Wells Fargo & Company MN boosted its holdings in Millicom International Cellular by 103.6% in the 1st quarter. Wells Fargo & Company MN now owns 5,619 shares of the company’s stock worth $159,000 after buying an additional 2,859 shares during the period. Finally, Trexquant Investment LP bought a new position in Millicom International Cellular in the 1st quarter worth $221,000. 6.97% of the stock is owned by institutional investors.

Shares of Millicom International Cellular stock opened at $29.75 on Friday. The company has a market capitalization of $3.00 billion, a P/E ratio of -20.66 and a beta of 0.71. The company has a debt-to-equity ratio of 3.00, a quick ratio of 1.39 and a current ratio of 1.41. The company has a fifty day moving average of $26.74 and a 200 day moving average of $32.41. Millicom International Cellular has a fifty-two week low of $20.15 and a fifty-two week high of $53.68.

Millicom International Cellular (NASDAQ:TIGO) last issued its earnings results on Thursday, April 30th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.50). The firm had revenue of $1.09 billion during the quarter. Millicom International Cellular had a negative return on equity of 8.26% and a negative net margin of 3.34%. Analysts forecast that Millicom International Cellular will post -0.34 EPS for the current year.

A number of equities research analysts have weighed in on TIGO shares. New Street Research lowered shares of Millicom International Cellular from a “buy” rating to a “neutral” rating and set a $49.00 target price for the company. in a research note on Monday, April 6th. Zacks Investment Research lowered Millicom International Cellular from a “hold” rating to a “sell” rating in a research note on Saturday. ValuEngine lowered Millicom International Cellular from a “buy” rating to a “hold” rating in a research note on Tuesday, April 7th. BidaskClub upgraded Millicom International Cellular from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Finally, TheStreet lowered Millicom International Cellular from a “c” rating to a “d+” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $54.50.

About Millicom International Cellular

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

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