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

freenet AG (OTCMKTS:FRTAF) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 69,500 shares, an increase of 12.8% from the January 15th total of 61,600 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.

freenet Stock Performance

FRTAF remained flat at $26.87 during midday trading on Monday. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 12.67 and a beta of 0.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.75 and a quick ratio of 0.71. The company’s fifty day moving average is $26.87 and its 200 day moving average is $26.90. freenet has a 1 year low of $26.87 and a 1 year high of $26.87.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut freenet from a “hold” rating to a “strong sell” rating in a report on Monday, December 9th.

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.