Telenor ASA (OTCMKTS:TELNY) Short Interest Down 99.9% in May

Telenor ASA (OTCMKTS:TELNY - Get Free Report) saw a large drop in short interest in May. As of May 31st, there was short interest totalling 100 shares, a drop of 99.9% from the May 15th total of 79,100 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 133,300 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Dnb Nor Markets downgraded Telenor ASA from a "hold" rating to a "strong sell" rating in a report on Wednesday, April 23rd.

Telenor ASA Stock Performance

Shares of Telenor ASA stock traded up $0.28 during trading hours on Friday, reaching $15.47. 11,477 shares of the stock traded hands, compared to its average volume of 39,138. The company has a 50 day moving average price of $14.77 and a 200 day moving average price of $13.21. The firm has a market capitalization of $21.17 billion, a price-to-earnings ratio of 11.90 and a beta of 0.45. Telenor ASA has a one year low of $10.55 and a one year high of $15.76. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 0.88.

Telenor ASA (OTCMKTS:TELNY - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $0.18 earnings per share (EPS) 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 the consensus estimate 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 expect that Telenor ASA will post 0.79 earnings per share for the current fiscal year.

Telenor ASA Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, June 10th. Shareholders of record on Monday, May 26th were paid a dividend of $0.299 per share. The ex-dividend date was Friday, May 23rd. This represents a dividend yield of 3.81%. Telenor ASA's dividend payout ratio is currently 83.08%.

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.