Telenor ASA (OTCMKTS:TELNY) Short Interest Update

Telenor ASA (OTCMKTS:TELNY) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 7,000 shares, an increase of 45.8% from the May 31st total of 4,800 shares. Based on an average daily volume of 54,300 shares, the short-interest ratio is currently 0.1 days.

Telenor ASA Stock Performance

OTCMKTS TELNY traded down $0.03 on Monday, hitting $11.35. The stock had a trading volume of 21,400 shares, compared to its average volume of 27,435. Telenor ASA has a one year low of $9.99 and a one year high of $12.23. 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 stock has a market cap of $15.88 billion, a price-to-earnings ratio of 22.25 and a beta of 0.57. The company’s 50-day moving average is $11.70 and its two-hundred day moving average is $11.39.

Telenor ASA (OTCMKTS:TELNY) last posted its earnings results on Monday, April 29th. The utilities provider reported $0.32 EPS for the quarter. Telenor ASA had a net margin of 9.20% and a return on equity of 11.44%. The firm had revenue of $1.85 billion during the quarter. On average, analysts expect that Telenor ASA will post 1.33 earnings per share for the current year.

Telenor ASA Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, May 30th. Investors of record on Friday, May 10th were paid a dividend of $0.4724 per share. The ex-dividend date was Thursday, May 9th. This is a positive change from Telenor ASA’s previous dividend of $0.41. Telenor ASA’s dividend payout ratio (DPR) is currently 111.76%.

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.