Telenor ASA (OTCMKTS:TELNY) Short Interest Update

Telenor ASA (OTCMKTS:TELNY) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 14,800 shares, an increase of 604.8% from the October 31st total of 2,100 shares. Based on an average trading volume of 34,500 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Barclays cut Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th.

Telenor ASA Trading Up 1.7 %

Shares of TELNY opened at $11.80 on Friday. The business’s 50-day moving average price is $12.25 and its 200 day moving average price is $11.99. The stock has a market capitalization of $16.15 billion, a P/E ratio of 15.73 and a beta of 0.58. Telenor ASA has a 1-year low of $10.62 and a 1-year high of $13.12. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.96.

Telenor ASA (OTCMKTS:TELNY) last issued its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $0.21 earnings per share for the quarter. The firm had revenue of $1.87 billion for the quarter. Telenor ASA had a return on equity of 14.50% and a net margin of 12.38%. Analysts expect that Telenor ASA will post 1.28 earnings per share for the current year.

Telenor ASA Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, October 18th were paid a $0.4252 dividend. The ex-dividend date was Thursday, October 17th. Telenor ASA’s dividend payout ratio is currently 82.09%.

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.