Short Interest in Telenor ASA (OTCMKTS:TELNF) Drops By 39.7%

Telenor ASA (OTCMKTS:TELNF) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 204,600 shares, a decrease of 39.7% from the December 31st total of 339,400 shares. Based on an average daily trading volume, of 300 shares, the days-to-cover ratio is currently 682.0 days.

Telenor ASA Stock Performance

Shares of TELNF remained flat at $11.96 during mid-day trading on Friday. The firm’s 50 day simple moving average is $11.37 and its 200 day simple moving average is $11.85. Telenor ASA has a 1 year low of $10.18 and a 1 year high of $12.73.

Telenor ASA Company Profile

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.