Short Interest in Telenor ASA (OTCMKTS:TELNF) Increases By 67.2%

Telenor ASA (OTCMKTS:TELNF) was the recipient of a significant increase in short interest in May. As of May 31st, there was short interest totalling 245,400 shares, an increase of 67.2% from the May 15th total of 146,800 shares. Based on an average trading volume of 2,500 shares, the days-to-cover ratio is presently 98.2 days.

Telenor ASA Stock Performance

TELNF opened at $15.35 on Monday. Telenor ASA has a one year low of $10.81 and a one year high of $15.72. The business’s 50-day simple moving average is $14.80 and its 200-day simple moving average is $13.17.

Telenor ASA Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, June 3rd. Investors of record on Friday, May 23rd were issued a dividend of $5.00 per share. This represents a dividend yield of 6.07%. The ex-dividend date of this dividend was Thursday, May 22nd. Telenor ASA’s dividend payout ratio is currently 159.45%.

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.