Telenor ASA (OTCMKTS:TELNY) Short Interest Update

Telenor ASA (OTCMKTS:TELNY – Get Rating) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 16,900 shares, a decline of 59.5% from the April 30th total of 41,700 shares. Based on an average daily trading volume, of 317,500 shares, the short-interest ratio is presently 0.1 days.

TELNY has been the subject of a number of analyst reports. UBS Group cut Telenor ASA from a “buy” rating to a “neutral” rating in a research report on Thursday, February 24th. Zacks Investment Research raised Telenor ASA from a “sell” rating to a “hold” rating in a research report on Tuesday, May 10th. Finally, Barclays reduced their price target on Telenor ASA from 130.00 to 120.00 in a research report on Friday, April 1st. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat, Telenor ASA currently has an average rating of “Hold” and a consensus target price of $141.00.

OTCMKTS TELNY opened at $13.72 on Friday. Telenor ASA has a twelve month low of $12.57 and a twelve month high of $18.10. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.68 and a current ratio of 0.71. The stock has a market capitalization of $19.20 billion, a PE ratio of 13.58 and a beta of 0.48. The stock has a 50-day simple moving average of $14.22 and a 200 day simple moving average of $15.01.

The firm also recently disclosed a dividend, which will be paid on Wednesday, June 1st. Investors of record on Friday, May 13th will be given a dividend of $0.4647 per share. The ex-dividend date is Thursday, May 12th. This represents a dividend yield of 9.69%. Telenor ASA’s dividend payout ratio is presently 83.84%.

About Telenor ASA (Get Rating)

Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. Its principal products and services include mobile communication, fixed line communication, and broadcasting services. The company's mobile communication services comprise voice, data, Internet, and content services, as well as customer equipment and messaging.

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