Short Interest in Telenor ASA (OTCMKTS:TELNF) Declines By 34.8%

Telenor ASA (OTCMKTS:TELNF) saw a significant drop in short interest in October. As of October 31st, there was short interest totalling 318,400 shares, a drop of 34.8% from the October 15th total of 488,300 shares. Based on an average daily trading volume, of 1,000 shares, the short-interest ratio is presently 318.4 days.

Telenor ASA Stock Performance

Shares of TELNF remained flat at $12.40 during trading hours on Thursday. 1 shares of the stock were exchanged, compared to its average volume of 1,331. The firm has a fifty day moving average of $12.41 and a two-hundred day moving average of $11.88. Telenor ASA has a 1-year low of $10.02 and a 1-year high of $12.73.

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.