Short Interest in Telenor ASA (OTCMKTS:TELNY) Increases By 73.5%

Telenor ASA (OTCMKTS:TELNY - Get Free Report) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totalling 79,100 shares, a growth of 73.5% from the April 30th total of 45,600 shares. Approximately 0.0% of the company's shares are sold short. Based on an average daily volume of 68,000 shares, the days-to-cover ratio is currently 1.2 days.

Telenor ASA Trading Down 0.2%

Shares of TELNY stock traded down $0.04 on Monday, hitting $15.26. The company had a trading volume of 250,211 shares, compared to its average volume of 38,818. Telenor ASA has a twelve month low of $10.55 and a twelve month high of $15.76. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.58 and a current ratio of 0.60. The firm has a market cap of $20.89 billion, a P/E ratio of 11.74 and a beta of 0.44. The stock's 50-day moving average is $14.50 and its two-hundred day moving average is $12.98.

Telenor ASA (OTCMKTS:TELNY - Get Free Report) last released its earnings results on Tuesday, May 6th. The utilities provider reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.01). The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $19.67 billion. Telenor ASA had a net margin of 24.17% and a return on equity of 16.15%. On average, equities research analysts anticipate that Telenor ASA will post 0.79 earnings per share for the current fiscal year.

Telenor ASA Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 26th will be paid a dividend of $0.299 per share. This represents a yield of 3.81%. The ex-dividend date of this dividend is Friday, May 23rd. Telenor ASA's dividend payout ratio is presently 83.08%.

Wall Street Analyst Weigh In

Separately, Dnb Nor Markets lowered shares of Telenor ASA from a "hold" rating to a "strong sell" rating in a report on Wednesday, April 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.