Short Interest in Telenor ASA (OTCMKTS:TELNF) Expands By 458.2%

Telenor ASA (OTCMKTS:TELNF) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 867,500 shares, an increase of 458.2% from the March 31st total of 155,400 shares. Based on an average trading volume of 3,300 shares, the days-to-cover ratio is presently 262.9 days.

Telenor ASA Price Performance

TELNF stock opened at $14.75 on Friday. The firm’s 50-day simple moving average is $13.67 and its 200 day simple moving average is $12.41. Telenor ASA has a fifty-two week low of $10.18 and a fifty-two week high of $15.00.

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.