Short Interest in Telenor ASA (OTCMKTS:TELNY) Rises By 177.8%

Telenor ASA (OTCMKTS:TELNY) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 25,000 shares, a growth of 177.8% from the March 31st total of 9,000 shares. Based on an average daily trading volume, of 95,700 shares, the days-to-cover ratio is currently 0.3 days.

Telenor ASA Stock Up 0.5 %

TELNY traded up $0.06 during midday trading on Friday, hitting $11.61. The company’s stock had a trading volume of 20,707 shares, compared to its average volume of 45,629. The company has a quick ratio of 0.84, a current ratio of 0.86 and a debt-to-equity ratio of 1.09. The firm has a 50-day moving average price of $11.11 and a two-hundred day moving average price of $11.04. Telenor ASA has a 52-week low of $9.89 and a 52-week high of $12.63.

Telenor ASA (OTCMKTS:TELNY) last issued its earnings results on Wednesday, February 7th. The utilities provider reported $0.04 earnings per share (EPS) for the quarter. Telenor ASA had a return on equity of 4.19% and a net margin of 18.03%. The business had revenue of $1.94 billion during the quarter. As a group, research analysts expect that Telenor ASA will post 1.39 earnings per share for the current year.

Telenor ASA Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 30th. Stockholders of record on Friday, May 10th will be issued a dividend of $0.4724 per share. The ex-dividend date of this dividend is Thursday, May 9th. This is a boost from Telenor ASA’s previous dividend of $0.41. Telenor ASA’s payout ratio is presently 62.63%.

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.