Short Interest in freenet AG (OTCMKTS:FRTAF) Increases By 12.8%

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

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded shares of freenet from a “hold” rating to a “strong sell” rating in a research note on Monday, December 9th.

freenet Stock Performance

Shares of FRTAF remained flat at $26.87 during mid-day trading on Monday. The company’s 50-day moving average price is $26.87 and its two-hundred day moving average price is $26.90. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 12.67 and a beta of 0.35. freenet has a 52 week low of $26.87 and a 52 week high of $26.87. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.71 and a current ratio of 0.75.

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.