Cellcom Israel, Ltd. (OTCMKTS:CELJF) Sees Large Growth in Short Interest

Cellcom Israel, Ltd. (OTCMKTS:CELJF) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 10,338 shares, an increase of 131.1% from the July 30th total of 4,473 shares. Based on an average trading volume of 198 shares, the days-to-cover ratio is currently 52.2 days. Currently, 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On Cellcom Israel

A hedge fund recently bought a new stake in Cellcom Israel stock. AWM Investment Company Inc. bought a new position in shares of Cellcom Israel, Ltd. (OTCMKTS:CELJF) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 951,796 shares of the company’s stock, valued at approximately $13,420,000. Cellcom Israel makes up about 1.2% of AWM Investment Company Inc.’s portfolio, making the stock its 27th biggest position. AWM Investment Company Inc. owned 0.58% of Cellcom Israel at the end of the most recent quarter.

Cellcom Israel Trading Up 3.5%

Shares of CELJF stock opened at $11.60 on Friday. Cellcom Israel has a 1 year low of $8.01 and a 1 year high of $14.12. The firm has a market capitalization of $1.90 billion, a P/E ratio of 27.62 and a beta of 0.89. The firm’s fifty day simple moving average is $10.51 and its 200 day simple moving average is $10.99.

Cellcom Israel Company Profile

Cellcom Israel Ltd. is a leading provider of wireless telecommunications services in Israel. Established in 1994 and headquartered in Netanya, the company operates one of the country’s most extensive cellular networks. Through its infrastructure, Cellcom delivers voice, messaging and data solutions to a broad customer base that includes individual consumers, small businesses and large enterprises.

The company’s core offerings encompass mobile voice plans, high-speed 4G and 5G data connectivity, international roaming and value-added content services.