Telenor ASA (OTCMKTS:TELNY) Short Interest Up 55.7% in April

Telenor ASA (OTCMKTS:TELNY) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 9,500 shares, a growth of 55.7% from the March 31st total of 6,100 shares. Based on an average daily trading volume, of 97,200 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Telenor ASA Stock Performance

Shares of OTCMKTS TELNY opened at $14.80 on Wednesday. Telenor ASA has a 12 month low of $10.55 and a 12 month high of $14.85. The business’s 50 day moving average is $13.79 and its two-hundred day moving average is $12.49. The company has a market cap of $20.25 billion, a P/E ratio of 11.38 and a beta of 0.44. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 0.88.

Telenor ASA (OTCMKTS:TELNY) last posted its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities analysts expect that Telenor ASA will post 0.79 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Dnb Nor Markets lowered shares of Telenor ASA from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 23rd. Sanford C. Bernstein upgraded Telenor ASA from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 23rd.

About Telenor ASA

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.