Short Interest in Telenor ASA (OTCMKTS:TELNF) Expands By 33.6%

Telenor ASA (OTCMKTS:TELNF) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 167,500 shares, an increase of 33.6% from the February 28th total of 125,400 shares. Based on an average daily volume of 13,200 shares, the days-to-cover ratio is presently 12.7 days.

Telenor ASA Stock Performance

Shares of TELNF remained flat at $14.32 on Tuesday. Telenor ASA has a one year low of $10.18 and a one year high of $14.57. The company has a 50 day moving average of $12.87 and a 200-day moving average of $12.20.

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.