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

Telenor ASA (OTCMKTS:TELNY) was the recipient of a significant increase in short interest in 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. Based on an average trading volume of 108,600 shares, the days-to-cover ratio is presently 2.9 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

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

Telenor ASA Stock Up 1.5 %

OTCMKTS:TELNY opened at $13.92 on Friday. The company has a market cap of $19.04 billion, a PE ratio of 10.70 and a beta of 0.54. 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 has a twelve month low of $10.55 and a twelve month high of $13.95. The company’s 50 day moving average is $12.38 and its two-hundred day moving average is $12.16.

Telenor ASA (OTCMKTS:TELNY) last announced its quarterly earnings data 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 net margin of 24.17% and a return on equity of 16.15%. Analysts anticipate that Telenor ASA will post 0.79 EPS 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.