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

Telenor ASA (OTCMKTS:TELNY) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 58,100 shares, a growth of 41.7% from the December 31st total of 41,000 shares. Based on an average daily trading volume, of 117,000 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Ratings Changes

TELNY has been the subject of several research reports. Barclays lowered shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Sanford C. Bernstein upgraded shares of Telenor ASA from a “strong sell” rating to a “hold” rating in a report on Thursday, January 23rd.

Telenor ASA Stock Performance

Shares of TELNY traded down $0.13 during trading hours on Friday, hitting $12.20. The stock had a trading volume of 15,164 shares, compared to its average volume of 40,515. Telenor ASA has a 12 month low of $10.55 and a 12 month high of $13.12. The stock has a fifty day moving average price of $11.47 and a 200 day moving average price of $11.93. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.58 and a quick ratio of 0.56. The firm has a market capitalization of $16.69 billion, a PE ratio of 18.21 and a beta of 0.58.

Telenor ASA (OTCMKTS:TELNY) last released its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $0.21 EPS for the quarter. Telenor ASA had a net margin of 12.38% and a return on equity of 14.50%. The firm had revenue of $1.87 billion during the quarter. Analysts anticipate that Telenor ASA will post 1.26 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.