Telenor ASA (OTCMKTS:TELNY) Short Interest Up 2,788.0% in February

Telenor ASA (OTCMKTS:TELNY) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 311,900 shares, a growth of 2,788.0% from the February 13th total of 10,800 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 108,600 shares, the days-to-cover ratio is currently 2.9 days.

Telenor ASA Stock Performance

Shares of OTCMKTS:TELNY opened at $13.92 on Friday. The company has a market capitalization of $19.04 billion, a price-to-earnings ratio of 10.70 and a beta of 0.54. Telenor ASA has a 52 week low of $10.55 and a 52 week high of $13.95. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 0.88. The firm has a 50 day moving average of $12.38 and a 200 day moving average of $12.16.

Telenor ASA (OTCMKTS:TELNY) last released its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). Telenor ASA had a return on equity of 16.15% and a net margin of 24.17%. On average, sell-side analysts predict that Telenor ASA will post 0.79 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein upgraded Telenor ASA from a “strong sell” rating to a “hold” rating in a report on Thursday, January 23rd.

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.