Short Interest in Telenor ASA (OTCMKTS:TELNY) Drops By 82.5%

Telenor ASA (OTCMKTS:TELNY) saw a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 54,700 shares, a decrease of 82.5% from the February 28th total of 311,900 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 46,300 shares, the short-interest ratio is presently 1.2 days.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein raised Telenor ASA from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 23rd.

Telenor ASA Price Performance

Shares of TELNY stock traded up $0.08 during trading hours on Thursday, hitting $14.22. The company’s stock had a trading volume of 12,034 shares, compared to its average volume of 36,757. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 0.88. Telenor ASA has a twelve month low of $10.55 and a twelve month high of $14.34. The stock has a market cap of $19.46 billion, a price-to-earnings ratio of 10.94 and a beta of 0.54. The business has a fifty day moving average of $12.89 and a 200-day moving average of $12.26.

Telenor ASA (OTCMKTS:TELNY) last announced its earnings results on Thursday, February 6th. The utilities provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Telenor ASA had a net margin of 24.17% and a return on equity of 16.15%. As a group, equities research analysts anticipate that Telenor ASA will post 0.79 EPS for the current year.

Telenor ASA Company Profile

Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. It operates through four segments: Nordics, Asia, Infrastructure, and Amp. The company offers mobile subscriptions and handsets, telephony, broadband, data security, communications services, and TV services to residential and business customers, as well as wholesale services.