Short Interest in Telenor ASA (OTCMKTS:TELNF) Declines By 30.4%

Telenor ASA (OTCMKTS:TELNF) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 262,200 shares, a decrease of 30.4% from the July 15th total of 376,600 shares. Based on an average daily volume of 300 shares, the short-interest ratio is presently 874.0 days.

Telenor ASA Stock Performance

TELNF stock remained flat at $11.51 on Thursday. Telenor ASA has a 52 week low of $10.02 and a 52 week high of $12.30. The firm has a 50 day simple moving average of $11.63 and a 200 day simple moving average of $11.33.

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.