Telenor ASA (OTCMKTS:TELNY) Short Interest Update

Telenor ASA (OTCMKTS:TELNY) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 100 shares, a drop of 97.9% from the August 15th total of 4,800 shares. Based on an average daily trading volume, of 29,100 shares, the days-to-cover ratio is presently 0.0 days.

Telenor ASA Price Performance

Shares of TELNY traded down $0.13 during mid-day trading on Friday, reaching $12.58. The company had a trading volume of 13,055 shares, compared to its average volume of 26,939. The company’s 50 day simple moving average is $11.93 and its 200 day simple moving average is $11.60. Telenor ASA has a 1-year low of $10.01 and a 1-year high of $12.73. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.56 and a current ratio of 0.58. The company has a market capitalization of $17.21 billion, a price-to-earnings ratio of 24.67 and a beta of 0.57.

Telenor ASA (OTCMKTS:TELNY) last posted its quarterly earnings results on Thursday, July 18th. The utilities provider reported $0.18 earnings per share for the quarter. Telenor ASA had a net margin of 11.36% and a return on equity of 13.55%. The company had revenue of $1.86 billion for the quarter. Analysts expect that Telenor ASA will post 1.3 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, New Street Research raised shares of Telenor ASA to a “strong-buy” rating in a research report on Monday, July 8th.

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.