Short Interest in Telenor ASA (OTCMKTS:TELNF) Expands By 24.1%

Telenor ASA (OTCMKTS:TELNF) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 488,300 shares, an increase of 24.1% from the September 30th total of 393,600 shares. Based on an average daily volume of 500 shares, the short-interest ratio is presently 976.6 days.

Telenor ASA Stock Performance

Shares of Telenor ASA stock traded down $0.05 on Tuesday, hitting $11.86. 2,200 shares of the company traded hands, compared to its average volume of 1,319. Telenor ASA has a 12-month low of $10.02 and a 12-month high of $12.73. The firm’s 50-day simple moving average is $12.33 and its 200 day simple moving average is $11.80.

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.