Telenor ASA (OTCMKTS:TELNY – Get Free Report) 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.
Read Our Latest Research Report on Telenor ASA
Telenor ASA Stock Performance
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.
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