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

Telenor ASA (OTCMKTS:TELNY) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totalling 51,600 shares, an increase of 255.9% from the September 30th total of 14,500 shares. Based on an average daily volume of 50,600 shares, the short-interest ratio is presently 1.0 days.

Analyst Ratings Changes

Separately, New Street Research raised shares of Telenor ASA to a “strong-buy” rating in a research report on Monday, July 8th.

Telenor ASA Stock Down 0.6 %

Telenor ASA stock traded down $0.07 during mid-day trading on Friday, reaching $11.90. The stock had a trading volume of 23,329 shares, compared to its average volume of 28,136. 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 fifty-two week low of $10.15 and a fifty-two week high of $13.12. The stock’s 50-day simple moving average is $12.48 and its 200-day simple moving average is $11.91. The firm has a market capitalization of $16.28 billion, a PE ratio of 23.46 and a beta of 0.57.

Telenor ASA Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Friday, October 18th will be issued a dividend of $0.4252 per share. The ex-dividend date is Thursday, October 17th. Telenor ASA’s payout ratio is 111.76%.

Telenor ASA Company Profile

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.