freenet AG (OTCMKTS:FRTAF) Sees Significant Increase in Short Interest

freenet AG (OTCMKTS:FRTAF) was the target of a large growth in short interest in September. As of September 15th, there was short interest totalling 29,900 shares, a growth of 7.2% from the August 31st total of 27,900 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 299.0 days.

freenet Price Performance

freenet stock opened at $26.87 on Monday. The business’s fifty day moving average is $26.99 and its two-hundred day moving average is $27.09. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.62 and a current ratio of 0.67. The firm has a market cap of $3.44 billion, a P/E ratio of 14.52 and a beta of 0.40. freenet has a 52 week low of $26.87 and a 52 week high of $26.87.

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

freenet Company Profile

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.