Telenor ASA (OTCMKTS:TELNY) Short Interest Down 97.9% in August

Telenor ASA (OTCMKTS:TELNY) saw a large decline in short interest in August. As of August 31st, there was short interest totalling 100 shares, a decline of 97.9% from the August 15th total of 4,800 shares. Based on an average daily trading volume, of 29,100 shares, the days-to-cover ratio is currently 0.0 days.

Telenor ASA Trading Down 0.6 %

TELNY traded down $0.07 during trading on Thursday, reaching $12.58. The company had a trading volume of 22,696 shares, compared to its average volume of 27,115. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.96. The business has a 50 day simple moving average of $11.88 and a 200-day simple moving average of $11.58. The stock has a market cap of $17.21 billion, a P/E ratio of 24.67 and a beta of 0.57. Telenor ASA has a 52 week low of $10.01 and a 52 week high of $12.71.

Telenor ASA (OTCMKTS:TELNY) last released its earnings results on Thursday, July 18th. The utilities provider reported $0.18 earnings per share (EPS) for the quarter. Telenor ASA had a net margin of 11.36% and a return on equity of 13.55%. The firm had revenue of $1.86 billion during the quarter. On average, equities analysts anticipate that Telenor ASA will post 1.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, New Street Research upgraded Telenor ASA to a “strong-buy” rating in a research note on Monday, July 8th.

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.