Short Interest in Telenor ASA (OTCMKTS:TELNY) Rises By 604.8%

Telenor ASA (OTCMKTS:TELNY) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 14,800 shares, a growth of 604.8% from the October 31st total of 2,100 shares. Based on an average daily volume of 34,500 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Ratings Changes

Separately, Barclays downgraded shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th.

Telenor ASA Stock Up 1.7 %

Shares of TELNY stock traded up $0.20 during trading hours on Wednesday, reaching $11.80. 13,184 shares of the company’s stock were exchanged, compared to its average volume of 27,316. Telenor ASA has a 1 year low of $10.62 and a 1 year high of $13.12. The stock has a market cap of $16.15 billion, a PE ratio of 17.31 and a beta of 0.58. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.96. The stock’s fifty day moving average price is $12.28 and its two-hundred day moving average price is $11.99.

Telenor ASA (OTCMKTS:TELNY) last issued its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $0.21 earnings per share for the quarter. Telenor ASA had a return on equity of 14.50% and a net margin of 12.38%. The business had revenue of $1.87 billion for the quarter. Research analysts predict that Telenor ASA will post 1.28 EPS for the current year.

Telenor ASA Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, October 18th were paid a dividend of $0.4252 per share. The ex-dividend date of this dividend was Thursday, October 17th. Telenor ASA’s payout ratio is 82.09%.

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.