Short Interest in Telenor ASA (OTCMKTS:TELNY) Decreases By 69.4%

Telenor ASA (OTCMKTS:TELNY) was the recipient of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 17,800 shares, a drop of 69.4% from the January 15th total of 58,100 shares. Based on an average daily trading volume, of 55,500 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TELNY. Sanford C. Bernstein upgraded shares of Telenor ASA from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Barclays downgraded shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th.

Telenor ASA Stock Performance

Shares of Telenor ASA stock traded down $0.02 during trading hours on Wednesday, reaching $12.48. The company had a trading volume of 9,178 shares, compared to its average volume of 36,273. The firm has a market cap of $17.07 billion, a PE ratio of 9.60 and a beta of 0.59. Telenor ASA has a one year low of $10.55 and a one year high of $13.12. 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 business has a fifty day simple moving average of $11.57 and a 200 day simple moving average of $11.98.

Telenor ASA (OTCMKTS:TELNY) last issued its earnings results on Thursday, February 6th. The utilities provider reported $0.16 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, analysts anticipate that Telenor ASA will post 0.8 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.