Telenor ASA (OTCMKTS:TELNY) Short Interest Update

Telenor ASA (OTCMKTS:TELNY) was the target of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 4,800 shares, a drop of 45.5% from the May 15th total of 8,800 shares. Based on an average daily volume of 26,200 shares, the short-interest ratio is currently 0.2 days.

Telenor ASA Stock Performance

Shares of OTCMKTS TELNY traded down $0.14 during trading on Friday, hitting $11.47. The company had a trading volume of 16,369 shares, compared to its average volume of 19,155. The stock has a 50 day simple moving average of $11.63 and a 200 day simple moving average of $11.34. The company has a quick ratio of 0.84, a current ratio of 0.86 and a debt-to-equity ratio of 1.09. Telenor ASA has a 12 month low of $9.98 and a 12 month high of $12.23.

Telenor ASA (OTCMKTS:TELNY) last issued its earnings results on Monday, April 29th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter. The company had revenue of $1.85 billion for the quarter. Telenor ASA had a return on equity of 11.44% and a net margin of 9.20%. Equities analysts forecast that Telenor ASA will post 1.31 earnings per share for the current fiscal year.

Telenor ASA Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, May 30th. Shareholders of record on Friday, May 10th were paid a $0.4724 dividend. This is an increase from Telenor ASA’s previous dividend of $0.41. The ex-dividend date of this dividend was Thursday, May 9th. Telenor ASA’s payout ratio is presently 125.49%.

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.