Telenor ASA (OTCMKTS:TELNY) Short Interest Down 88.8% in March

Telenor ASA (OTCMKTS:TELNY) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 6,100 shares, a decrease of 88.8% from the March 15th total of 54,700 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 67,800 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

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 Stock Performance

Shares of TELNY stock traded up $0.26 during mid-day trading on Monday, reaching $13.80. The stock had a trading volume of 44,884 shares, compared to its average volume of 38,005. The business’s fifty day moving average is $13.35 and its 200-day moving average is $12.35. The firm has a market cap of $18.88 billion, a price-to-earnings ratio of 10.62 and a beta of 0.44. Telenor ASA has a 1-year low of $10.55 and a 1-year high of $14.69. 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 (OTCMKTS:TELNY) last released its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Telenor ASA had a return on equity of 16.15% and a net margin of 24.17%. On average, research analysts forecast that Telenor ASA will post 0.79 earnings per share 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.