freenet AG (OTCMKTS:FRTAF) Short Interest Up 8.9% in October

freenet AG (OTCMKTS:FRTAF) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 30,500 shares, a growth of 8.9% from the September 30th total of 28,000 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

freenet Stock Performance

Shares of FRTAF stock remained flat at $26.87 during trading hours on Wednesday. freenet has a one year low of $26.87 and a one year high of $26.87. The company has a quick ratio of 0.62, a current ratio of 0.67 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 14.52 and a beta of 0.40. The company’s 50-day simple moving average is $26.87 and its two-hundred day simple moving average is $27.04.

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