Telenor ASA (OTCMKTS:TELNY) Short Interest Down 88.8% in March

Telenor ASA (OTCMKTS:TELNY) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 6,100 shares, a decline of 88.8% from the March 15th total of 54,700 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 67,800 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

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

Telenor ASA Stock Up 3.4 %

OTCMKTS:TELNY traded up $0.47 during trading hours on Wednesday, reaching $14.19. The company had a trading volume of 40,233 shares, compared to its average volume of 37,850. Telenor ASA has a twelve month low of $10.55 and a twelve month high of $14.69. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 0.88. The firm has a market cap of $19.42 billion, a price-to-earnings ratio of 10.92 and a beta of 0.44. The business’s 50-day simple moving average is $13.40 and its two-hundred day simple moving average is $12.37.

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 net margin of 24.17% and a return on equity of 16.15%. On average, equities analysts expect that Telenor ASA will post 0.79 earnings per share 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.