Millicom International Cellular S.A. (NASDAQ:TIGO) Short Interest Update

Millicom International Cellular S.A. (NASDAQ:TIGO) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 1,380,000 shares, a growth of 71.7% from the February 28th total of 803,900 shares. Approximately 1.4% of the company’s shares are sold short. Based on an average daily volume of 567,800 shares, the days-to-cover ratio is currently 2.4 days.

Institutional Trading of Millicom International Cellular

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Southeastern Asset Management Inc. TN acquired a new position in shares of Millicom International Cellular in the fourth quarter valued at approximately $60,306,000. Park West Asset Management LLC purchased a new position in Millicom International Cellular in the 4th quarter valued at approximately $6,165,000. Brandes Investment Partners LP grew its stake in shares of Millicom International Cellular by 1.5% in the fourth quarter. Brandes Investment Partners LP now owns 4,574,255 shares of the technology company’s stock worth $114,402,000 after acquiring an additional 68,061 shares in the last quarter. Perpetual Ltd purchased a new stake in shares of Millicom International Cellular during the fourth quarter worth $1,587,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Millicom International Cellular during the fourth quarter worth $1,319,000.

Millicom International Cellular Trading Down 0.6 %

Shares of NASDAQ TIGO opened at $30.20 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.64 and a debt-to-equity ratio of 1.59. The stock has a market capitalization of $5.20 billion, a PE ratio of 32.13 and a beta of 1.23. Millicom International Cellular has a twelve month low of $19.50 and a twelve month high of $31.63. The stock has a fifty day simple moving average of $27.98 and a 200-day simple moving average of $26.85.

Millicom International Cellular Dividend Announcement

The company also recently announced an annual dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 8th will be given a $0.75 dividend. This represents a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, April 8th. Millicom International Cellular’s dividend payout ratio is currently 202.70%.

Analyst Ratings Changes

Several research firms have recently commented on TIGO. JPMorgan Chase & Co. reduced their price target on shares of Millicom International Cellular from $36.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Morgan Stanley started coverage on Millicom International Cellular in a research report on Wednesday, January 29th. They issued an “equal weight” rating and a $32.00 target price on the stock. Hsbc Global Res upgraded Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. HSBC raised Millicom International Cellular from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Wednesday, January 22nd. Finally, Scotiabank increased their target price on shares of Millicom International Cellular from $37.30 to $37.90 and gave the stock a “sector outperform” rating in a research note on Friday, February 28th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $33.98.

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.