Telenor ASA (OTCMKTS:TELNF) Short Interest Update

Telenor ASA (OTCMKTS:TELNF) was the target of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 318,400 shares, a decrease of 34.8% from the October 15th total of 488,300 shares. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is presently 318.4 days.

Telenor ASA Stock Performance

Shares of Telenor ASA stock traded down $0.74 on Friday, hitting $11.66. 432 shares of the company traded hands, compared to its average volume of 1,316. The firm’s 50-day simple moving average is $12.41 and its 200 day simple moving average is $11.88. Telenor ASA has a 12-month low of $10.18 and a 12-month 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.