Telenor ASA (OTCMKTS:TELNY) Short Interest Down 82.5% in March

Telenor ASA (OTCMKTS:TELNY - Get Free Report) saw a significant drop in short interest in 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. Based on an average daily volume of 46,300 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.0% of the company's stock are short sold.

Telenor ASA Stock Up 0.9 %

Shares of TELNY traded up $0.13 during trading hours on Friday, reaching $14.47. 15,107 shares of the stock traded hands, compared to its average volume of 35,937. Telenor ASA has a 52 week low of $10.55 and a 52 week high of $14.54. The company has a market cap of $19.81 billion, a price-to-earnings ratio of 11.13 and a beta of 0.54. The stock has a fifty day simple moving average of $13.00 and a 200 day simple moving average of $12.29. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 0.88.

Telenor ASA (OTCMKTS:TELNY - Get Free Report) last posted its earnings results on Thursday, February 6th. The utilities provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). Telenor ASA had a return on equity of 16.15% and a net margin of 24.17%. On average, equities analysts forecast that Telenor ASA will post 0.79 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein upgraded Telenor ASA from a "strong sell" rating to a "hold" rating in a report on Thursday, January 23rd.

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.