Short Interest in Telenor ASA (OTCMKTS:TELNY) Expands By 2,788.0%

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

Analysts Set New Price Targets

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

Telenor ASA Price Performance

Shares of OTCMKTS:TELNY traded up $0.21 during trading hours on Wednesday, hitting $13.84. 24,794 shares of the company’s stock traded hands, compared to its average volume of 37,252. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.58 and a current ratio of 0.60. The company’s fifty day simple moving average is $12.28 and its two-hundred day simple moving average is $12.13. Telenor ASA has a 52 week low of $10.55 and a 52 week high of $13.92. The company has a market cap of $18.94 billion, a price-to-earnings ratio of 10.65 and a beta of 0.54.

Telenor ASA (OTCMKTS:TELNY) last issued its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates 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, equities analysts anticipate that Telenor ASA will post 0.79 EPS 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.