Telenor ASA (OTCMKTS:TELNY) Short Interest Update

Telenor ASA (OTCMKTS:TELNY) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 54,700 shares, a drop of 82.5% from the February 28th total of 311,900 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 46,300 shares, the days-to-cover ratio is presently 1.2 days.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein raised shares of Telenor ASA from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 23rd.

Telenor ASA Price Performance

Shares of OTCMKTS:TELNY traded up $0.12 during midday trading on Friday, reaching $14.34. 10,575 shares of the company’s stock were exchanged, compared to its average volume of 36,305. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.58 and a current ratio of 0.60. The company’s 50 day simple moving average is $12.94 and its two-hundred day simple moving average is $12.28. Telenor ASA has a 12 month low of $10.55 and a 12 month high of $14.34. The firm has a market capitalization of $19.62 billion, a PE ratio of 11.03 and a beta of 0.54.

Telenor ASA (OTCMKTS:TELNY) last announced its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Telenor ASA had a return on equity of 16.15% and a net margin of 24.17%. Equities research analysts expect that Telenor ASA will post 0.79 earnings per share for the current fiscal year.

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.