Short Interest in freenet AG (OTCMKTS:FRTAF) Drops By 9.1%

freenet AG (OTCMKTS:FRTAF) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totalling 27,900 shares, a drop of 9.1% from the August 15th total of 30,700 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 279.0 days.

freenet Price Performance

freenet stock remained flat at $26.87 during trading hours on Tuesday. The stock has a market cap of $3.44 billion, a P/E ratio of 14.52 and a beta of 0.40. The stock’s fifty day moving average is $27.04 and its 200-day moving average is $27.10. freenet has a 52-week low of $26.87 and a 52-week high of $26.87. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.62 and a current ratio of 0.67.

freenet (OTCMKTS:FRTAF) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.69 earnings per share (EPS) for the quarter. freenet had a net margin of 8.56% and a return on equity of 18.16%. The business had revenue of $651.55 million for the quarter.

About freenet

freenet AG provides telecommunications, broadcasting, and multimedia services for mobile communications/mobile internet, and digital lifestyle sectors in Germany. It operates through Mobile Communications, TV and Media, and Other/Holding segments. The Mobile Communications segment engages in the marketing of mobile communications services, which include voice and data services from the mobile network operators; planning, set up, installation, and maintenance services for WiFi networks; and selling and distribution of mobile devices, as well as offers additional services for mobile data communications and digital lifestyle.