Telenor ASA (OTCMKTS:TELNY) Sees Significant Increase in Short Interest

Telenor ASA (OTCMKTS:TELNY - Get Free Report) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 58,100 shares, a growth of 41.7% from the December 31st total of 41,000 shares. Based on an average daily volume of 117,000 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Sanford C. Bernstein upgraded shares of Telenor ASA from a "strong sell" rating to a "hold" rating in a report on Thursday, January 23rd. Barclays downgraded shares of Telenor ASA from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 6th.

Telenor ASA Trading Down 1.1 %

Shares of Telenor ASA stock traded down $0.13 during trading hours on Friday, reaching $12.20. The stock had a trading volume of 15,164 shares, compared to its average volume of 40,515. The firm has a market capitalization of $16.69 billion, a price-to-earnings ratio of 18.21 and a beta of 0.58. Telenor ASA has a 1 year low of $10.55 and a 1 year high of $13.12. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.96. The firm has a 50 day simple moving average of $11.47 and a two-hundred day simple moving average of $11.94.

Telenor ASA (OTCMKTS:TELNY - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $0.21 EPS for the quarter. Telenor ASA had a net margin of 12.38% and a return on equity of 14.50%. The firm had revenue of $1.87 billion for the quarter. As a group, equities research analysts anticipate that Telenor ASA will post 1.26 earnings per share for the current 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.