Telenor ASA (OTCMKTS:TELNF) Short Interest Up 29.4% in September

Telenor ASA (OTCMKTS:TELNF) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 348,200 shares, an increase of 29.4% from the August 31st total of 269,100 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 3,482.0 days.

Telenor ASA Price Performance

OTCMKTS TELNF opened at $12.68 on Friday. The business’s 50-day simple moving average is $12.07 and its 200-day simple moving average is $11.61. Telenor ASA has a 1-year low of $10.02 and a 1-year high of $12.68.

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.