Short Interest in Telenor ASA (OTCMKTS:TELNY) Decreases By 39.3%

Telenor ASA (OTCMKTS:TELNY) saw a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 10,800 shares, a decrease of 39.3% from the January 31st total of 17,800 shares. Based on an average daily volume of 39,200 shares, the days-to-cover ratio is presently 0.3 days.

Telenor ASA Stock Performance

Shares of OTCMKTS TELNY opened at $13.12 on Tuesday. Telenor ASA has a 12-month low of $10.55 and a 12-month high of $13.23. The company has a market cap of $17.95 billion, a PE ratio of 10.09 and a beta of 0.59. The stock has a 50 day simple moving average of $11.98 and a 200-day simple moving average of $12.07. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 0.88.

Telenor ASA (OTCMKTS:TELNY) last announced its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Telenor ASA had a return on equity of 16.15% and a net margin of 24.17%. On average, equities research analysts forecast that Telenor ASA will post 0.79 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Sanford C. Bernstein upgraded Telenor ASA from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Barclays cut shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th.

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.