Telenor ASA (OTCMKTS:TELNY) Short Interest Down 82.5% in March

Telenor ASA (OTCMKTS:TELNY) was the target of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 54,700 shares, a decrease of 82.5% from the February 28th total of 311,900 shares. Based on an average trading volume of 46,300 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein upgraded Telenor ASA from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 23rd.

Telenor ASA Price Performance

TELNY stock traded up $0.08 during midday trading on Wednesday, reaching $14.22. The company had a trading volume of 12,034 shares, compared to its average volume of 36,757. The firm has a 50-day moving average price of $12.83 and a 200-day moving average price of $12.25. The company has a market capitalization of $19.46 billion, a P/E ratio of 10.94 and a beta of 0.54. Telenor ASA has a 1 year low of $10.55 and a 1 year high of $14.34. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.60 and a quick ratio of 0.58.

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 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 anticipate that Telenor ASA will post 0.79 earnings per share for the current fiscal 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.