Telenor ASA (OTCMKTS:TELNY) Short Interest Update

Telenor ASA (OTCMKTS:TELNY) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 7,000 shares, a growth of 45.8% from the May 31st total of 4,800 shares. Based on an average trading volume of 54,300 shares, the days-to-cover ratio is presently 0.1 days.

Telenor ASA Stock Performance

TELNY stock traded down $0.03 during midday trading on Friday, reaching $11.35. 21,423 shares of the company’s stock traded hands, compared to its average volume of 23,028. The company has a 50-day moving average price of $11.70 and a two-hundred day moving average price of $11.38. The company has a current ratio of 0.86, a quick ratio of 0.84 and a debt-to-equity ratio of 1.09. Telenor ASA has a 52 week low of $9.99 and a 52 week high of $12.23.

Telenor ASA (OTCMKTS:TELNY) last released its quarterly earnings results on Monday, April 29th. The utilities provider reported $0.32 earnings per share for the quarter. The firm had revenue of $1.85 billion for the quarter. Telenor ASA had a net margin of 9.20% and a return on equity of 11.44%. Sell-side analysts forecast that Telenor ASA will post 1.33 earnings per share for the current year.

Telenor ASA Increases Dividend

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

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.