Short Interest in Telenor ASA (OTCMKTS:TELNF) Declines By 34.8%

Telenor ASA (OTCMKTS:TELNF) was the target of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 318,400 shares, a decrease of 34.8% from the October 15th total of 488,300 shares. Based on an average trading volume of 1,000 shares, the short-interest ratio is currently 318.4 days.

Telenor ASA Price Performance

TELNF remained flat at $12.40 on Thursday. The company had a trading volume of 1 shares, compared to its average volume of 1,331. Telenor ASA has a fifty-two week low of $10.02 and a fifty-two week high of $12.73. The stock’s 50 day moving average price is $12.41 and its two-hundred day moving average price is $11.88.

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.