Deutsche Telekom AG (OTCMKTS:DTEGY) Short Interest Up 167.8% in January

Deutsche Telekom AG (OTCMKTS:DTEGY) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 163,100 shares, an increase of 167.8% from the December 31st total of 60,900 shares. Based on an average daily trading volume, of 324,800 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analyst Weigh In

A number of brokerages have commented on DTEGY. Barclays upgraded shares of Deutsche Telekom to a “strong-buy” rating in a research report on Monday, November 18th. UBS Group upgraded shares of Deutsche Telekom from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Finally, Citigroup upgraded shares of Deutsche Telekom to a “strong-buy” rating in a report on Thursday, October 17th.

Deutsche Telekom Stock Up 2.1 %

OTCMKTS DTEGY traded up $0.66 during trading hours on Wednesday, reaching $32.09. The company’s stock had a trading volume of 303,573 shares, compared to its average volume of 296,431. Deutsche Telekom has a fifty-two week low of $22.03 and a fifty-two week high of $32.47. The company’s 50-day moving average is $30.90 and its two-hundred day moving average is $29.45. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.15 and a quick ratio of 1.08.

Deutsche Telekom Company Profile

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.