Telenor ASA (OTCMKTS:TELNF) Sees Large Increase in Short Interest

Telenor ASA (OTCMKTS:TELNF) was the recipient of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 245,400 shares, an increase of 67.2% from the May 15th total of 146,800 shares. Based on an average daily trading volume, of 2,500 shares, the days-to-cover ratio is currently 98.2 days.

Telenor ASA Stock Performance

Shares of TELNF opened at $15.33 on Tuesday. The stock’s fifty day moving average price is $14.82 and its two-hundred day moving average price is $13.19. Telenor ASA has a 1 year low of $10.81 and a 1 year high of $15.72.

Telenor ASA Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Friday, May 23rd were paid a $5.00 dividend. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a dividend yield of 6.07%. Telenor ASA’s payout ratio is presently 159.45%.

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.