Short Interest in Telenor ASA (OTCMKTS:TELNF) Increases By 33.6%

Telenor ASA (OTCMKTS:TELNF) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 167,500 shares, a growth of 33.6% from the February 28th total of 125,400 shares. Based on an average daily volume of 13,200 shares, the short-interest ratio is currently 12.7 days.

Telenor ASA Stock Up 4.4 %

OTCMKTS:TELNF opened at $14.32 on Monday. The firm’s fifty day moving average is $12.81 and its two-hundred day moving average is $12.19. Telenor ASA has a one year low of $10.18 and a one year high of $14.57.

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.