Short Interest in SoftwareONE Holding AG (OTCMKTS:SWONF) Increases By 25.7%

SoftwareONE Holding AG (OTCMKTS:SWONF) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 250,900 shares, a growth of 25.7% from the October 31st total of 199,600 shares. Based on an average daily volume of 13,700 shares, the days-to-cover ratio is currently 18.3 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Cantor Fitzgerald upgraded shares of SoftwareONE from a “strong sell” rating to a “hold” rating in a report on Thursday, November 14th. Citigroup raised SoftwareONE to a “hold” rating in a report on Monday, November 18th.

SoftwareONE Price Performance

Shares of SoftwareONE stock remained flat at $9.10 on Friday. The business’s 50-day simple moving average is $13.81 and its 200-day simple moving average is $17.40. SoftwareONE has a 1-year low of $7.42 and a 1-year high of $20.36.

SoftwareONE Company Profile

SoftwareONE Holding AG provides software and cloud solutions in Switzerland, Europe, the Middle East, Africa, the United States, Canada, Latin America, and the Asia Pacific. The company develops and delivers the technology solutions that modernise applications and software in the cloud. It serves large enterprises, corporates, small and medium-sized enterprises, and public sector organizations.