Short Interest in Telenor ASA (OTCMKTS:TELNF) Drops By 13.9%

Telenor ASA (OTCMKTS:TELNF) was the recipient of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 124,700 shares, a decrease of 13.9% from the January 31st total of 144,800 shares. Based on an average trading volume of 800 shares, the days-to-cover ratio is currently 155.9 days.

Telenor ASA Stock Performance

Shares of TELNF stock opened at $12.92 on Wednesday. Telenor ASA has a 12-month low of $10.18 and a 12-month high of $12.92. The firm has a 50 day moving average price of $11.83 and a two-hundred day moving average price of $11.97.

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.