Telenor ASA (OTCMKTS:TELNY) Short Interest Down 49.4% in July

Telenor ASA (OTCMKTS:TELNY) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 3,900 shares, a drop of 49.4% from the June 30th total of 7,700 shares. Based on an average daily trading volume, of 42,400 shares, the days-to-cover ratio is presently 0.1 days.

Telenor ASA Stock Up 0.9 %

Shares of OTCMKTS:TELNY opened at $11.72 on Friday. The stock has a fifty day simple moving average of $11.59 and a two-hundred day simple moving average of $11.38. The stock has a market capitalization of $16.04 billion, a price-to-earnings ratio of 22.98 and a beta of 0.56. Telenor ASA has a 12-month low of $10.01 and a 12-month high of $12.23. The company has a current ratio of 0.58, a quick ratio of 0.84 and a debt-to-equity ratio of 0.96.

Telenor ASA (OTCMKTS:TELNY) last posted its quarterly earnings results on Thursday, July 18th. The utilities provider reported $0.18 earnings per share for the quarter. The firm had revenue of $1.86 billion during the quarter. Telenor ASA had a return on equity of 13.55% and a net margin of 11.36%. On average, research analysts anticipate that Telenor ASA will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.