Telenor ASA (OTCMKTS:TELNY) Short Interest Update

Telenor ASA (OTCMKTS:TELNY) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 25,000 shares, an increase of 177.8% from the March 31st total of 9,000 shares. Based on an average daily volume of 95,700 shares, the short-interest ratio is presently 0.3 days.

Telenor ASA Trading Down 0.6 %

Telenor ASA stock traded down $0.07 during trading hours on Friday, reaching $11.55. 53,010 shares of the company’s stock traded hands, compared to its average volume of 45,357. The firm’s 50 day moving average is $11.10 and its 200-day moving average is $11.03. Telenor ASA has a fifty-two week low of $9.89 and a fifty-two week high of $12.63. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.84 and a current ratio of 0.86.

Telenor ASA (OTCMKTS:TELNY) last posted its earnings results on Wednesday, February 7th. The utilities provider reported $0.04 EPS for the quarter. The firm had revenue of $1.94 billion during the quarter. Telenor ASA had a net margin of 18.03% and a return on equity of 4.19%. As a group, research analysts forecast that Telenor ASA will post 1.39 earnings per share for the current year.

Telenor ASA Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, May 30th. Investors of record on Friday, May 10th will be issued a dividend of $0.4724 per share. This is an increase from Telenor ASA’s previous dividend of $0.41. The ex-dividend date of this dividend is Thursday, May 9th. Telenor ASA’s dividend payout ratio (DPR) is 62.63%.

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.