Telenor ASA (OTCMKTS:TELNY) Short Interest Update

Telenor ASA (OTCMKTS:TELNY) saw a significant growth in short interest in the month of 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 short-interest ratio is presently 0.4 days.

Wall Street Analyst Weigh In

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

Telenor ASA Price Performance

Shares of TELNY opened at $11.80 on Friday. The firm has a market capitalization of $16.15 billion, a price-to-earnings ratio of 15.73 and a beta of 0.58. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.56 and a current ratio of 0.58. Telenor ASA has a one year low of $10.62 and a one year high of $13.12. The stock’s fifty day moving average is $12.25 and its 200-day moving average is $11.99.

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

Telenor ASA Cuts Dividend

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

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.