Telenor ASA (OTCMKTS:TELNY) Short Interest Up 2,788.0% in February

Telenor ASA (OTCMKTS:TELNY) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 311,900 shares, a growth of 2,788.0% from the February 13th total of 10,800 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 108,600 shares, the days-to-cover ratio is currently 2.9 days.

Analyst Upgrades and Downgrades

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 Stock Performance

Telenor ASA stock opened at $13.71 on Thursday. The business’s 50-day moving average price is $12.33 and its two-hundred day moving average price is $12.14. The stock has a market cap of $18.76 billion, a PE ratio of 10.55 and a beta of 0.54. Telenor ASA has a 12-month low of $10.55 and a 12-month high of $13.92. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 0.88.

Telenor ASA (OTCMKTS:TELNY) last issued its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.16 earnings per share 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%. As a group, analysts expect that Telenor ASA will post 0.79 earnings per share for the current fiscal year.

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.