Telenor ASA (OTCMKTS:TELNY) Sees Large Growth in Short Interest

Telenor ASA (OTCMKTS:TELNY - Get Free Report) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 9,500 shares, a growth of 55.7% from the March 31st total of 6,100 shares. Based on an average daily volume of 97,200 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company's shares are short sold.

Telenor ASA Stock Performance

Shares of OTCMKTS TELNY traded down $0.04 during midday trading on Monday, reaching $15.09. 64,708 shares of the company traded hands, compared to its average volume of 36,071. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.60 and a quick ratio of 0.58. The company has a market cap of $20.65 billion, a price-to-earnings ratio of 11.61 and a beta of 0.44. The stock has a 50-day moving average price of $13.92 and a 200 day moving average price of $12.55. Telenor ASA has a 52 week low of $10.55 and a 52 week high of $15.48.

Telenor ASA (OTCMKTS:TELNY - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.01). Telenor ASA had a net margin of 24.17% and a return on equity of 16.15%. Sell-side analysts anticipate that Telenor ASA will post 0.79 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on TELNY shares. Dnb Nor Markets lowered Telenor ASA from a "hold" rating to a "strong sell" rating in a research report on Wednesday, April 23rd. Sanford C. Bernstein upgraded shares of Telenor ASA from a "strong sell" rating to a "hold" rating in a research report on Thursday, January 23rd.

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.