Telenor ASA (OTCMKTS:TELNF – Get Free Report) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 1,295,928 shares, an increase of 145.4% from the April 15th total of 528,115 shares. Based on an average daily trading volume, of 1,836 shares, the days-to-cover ratio is currently 705.8 days.
Telenor ASA Stock Performance
OTCMKTS TELNF opened at $17.27 on Friday. Telenor ASA has a 12-month low of $11.73 and a 12-month high of $19.10. The firm’s 50 day moving average is $17.28 and its 200-day moving average is $16.19.
Telenor ASA Company Profile
Telenor ASA is a Norway‐based telecommunications company that provides a broad range of communication services to consumers and businesses. Its core offerings include mobile voice and data services, fixed‐line broadband, pay‐TV solutions and Internet of Things (IoT) connectivity. Through its network infrastructure, Telenor serves both retail and enterprise customers, delivering digital solutions that span cloud services, managed network operations and cybersecurity.
The company’s operations extend across Northern Europe and selected Asian markets.
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