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

Telenor ASA (OTCMKTS:TELNYGet Free Report) 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.

Get Our Latest Analysis on Telenor ASA

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:TELNYGet Free Report) 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

(Get Free Report)

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.

See Also

Receive News & Ratings for Telenor ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telenor ASA and related companies with MarketBeat.com's FREE daily email newsletter.