Short Interest in freenet AG (OTCMKTS:FRTAF) Declines By 43.9%

freenet AG (OTCMKTS:FRTAF) saw a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 39,000 shares, a decline of 43.9% from the January 31st total of 69,500 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.

freenet Stock Performance

Shares of freenet stock opened at $26.87 on Tuesday. freenet has a 52 week low of $26.87 and a 52 week high of $26.87. The business’s fifty day simple moving average is $26.87 and its 200-day simple moving average is $26.88. The firm has a market cap of $3.44 billion, a PE ratio of 12.67 and a beta of 0.40. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 0.29.

Wall Street Analysts Forecast Growth

FRTAF has been the topic of several recent analyst reports. The Goldman Sachs Group lowered freenet from a “hold” rating to a “strong sell” rating in a research note on Monday, December 9th. UBS Group lowered freenet from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 14th.

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.