Telenor ASA (OTCMKTS:TELNY – Get Free Report) was the target of a large increase in short interest during the month of 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 trading volume, of 50,600 shares, the days-to-cover ratio is currently 1.0 days.
Wall Street Analysts Forecast Growth
Separately, New Street Research raised shares of Telenor ASA to a “strong-buy” rating in a report on Monday, July 8th.
Read Our Latest Research Report on TELNY
Telenor ASA Price Performance
Telenor ASA Cuts Dividend
The company also recently announced a dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Friday, October 18th will be given a $0.4252 dividend. The ex-dividend date of this dividend is Thursday, October 17th. Telenor ASA’s dividend payout ratio is presently 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.
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