Telenor ASA (OTCMKTS:TELNY) Short Interest Down 97.9% in August

Telenor ASA (OTCMKTS:TELNY) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 100 shares, a decrease of 97.9% from the August 15th total of 4,800 shares. Based on an average daily volume of 29,100 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, New Street Research upgraded shares of Telenor ASA to a “strong-buy” rating in a research report on Monday, July 8th.

Telenor ASA Stock Down 1.0 %

OTCMKTS TELNY traded down $0.13 during trading hours on Friday, reaching $12.58. 13,055 shares of the company’s stock traded hands, compared to its average volume of 26,939. Telenor ASA has a 52-week low of $10.01 and a 52-week high of $12.73. The firm has a market cap of $17.21 billion, a PE ratio of 24.92 and a beta of 0.57. The firm has a 50-day simple moving average of $11.91 and a 200 day simple moving average of $11.59. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.58 and a quick ratio of 0.56.

Telenor ASA (OTCMKTS:TELNY) last announced its quarterly earnings results on Thursday, July 18th. The utilities provider reported $0.18 EPS for the quarter. Telenor ASA had a net margin of 11.36% and a return on equity of 13.55%. The firm had revenue of $1.86 billion during the quarter. Sell-side analysts anticipate that Telenor ASA will post 1.3 EPS for the current fiscal year.

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.