Telenor ASA (OTCMKTS:TELNY) Short Interest Down 32.1% in October

Telenor ASA (OTCMKTS:TELNY) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 12,900 shares, a decline of 32.1% from the September 30th total of 19,000 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 28,300 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 28,300 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the shares of the stock are short sold.

Telenor ASA Stock Performance

OTCMKTS TELNY opened at $14.93 on Monday. The stock has a market cap of $20.43 billion, a price-to-earnings ratio of 20.18 and a beta of 0.42. Telenor ASA has a fifty-two week low of $10.55 and a fifty-two week high of $17.32. The company has a quick ratio of 0.42, a current ratio of 0.44 and a debt-to-equity ratio of 1.02. The business has a fifty day moving average of $16.53 and a 200-day moving average of $15.78.

Wall Street Analysts Forecast Growth

TELNY has been the topic of a number of research analyst reports. New Street Research downgraded Telenor ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 8th. Zacks Research downgraded Telenor ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 12th. Five research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Telenor ASA has an average rating of “Reduce”.

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.