Telenor ASA (OTCMKTS:TELNY) Short Interest Update

Telenor ASA (OTCMKTS:TELNY) saw a large growth in short interest in October. As of October 15th, there was short interest totalling 51,600 shares, a growth of 255.9% from the September 30th total of 14,500 shares. Based on an average trading volume of 50,600 shares, the short-interest ratio is presently 1.0 days.

Analyst Ratings Changes

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

Telenor ASA Stock Performance

Telenor ASA stock traded down $0.07 during midday trading on Friday, hitting $11.90. The company’s stock had a trading volume of 23,329 shares, compared to its average volume of 28,136. Telenor ASA has a 1-year low of $10.15 and a 1-year high of $13.12. The company has a 50-day moving average price of $12.48 and a two-hundred day moving average price of $11.92. The company has a market cap of $16.28 billion, a price-to-earnings ratio of 23.32 and a beta of 0.57. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.58 and a quick ratio of 0.56.

Telenor ASA Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Friday, October 18th will be issued a $0.4252 dividend. The ex-dividend date of this dividend is Thursday, October 17th. Telenor ASA’s dividend payout ratio is presently 111.76%.

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.