freenet AG (OTCMKTS:FRTAF) Short Interest Update

freenet AG (OTCMKTS:FRTAF) was the target of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 39,000 shares, a decrease of 43.9% from the January 31st total of 69,500 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

freenet Price Performance

OTCMKTS:FRTAF remained flat at $26.87 during trading hours on Friday. The company has a current ratio of 0.75, a quick ratio of 0.71 and a debt-to-equity ratio of 0.29. The firm has a market cap of $3.44 billion, a PE ratio of 12.67 and a beta of 0.40. freenet has a one year low of $26.87 and a one year high of $26.87. The company’s 50 day moving average is $26.87 and its two-hundred day moving average is $26.88.

Analysts Set New Price Targets

A number of research analysts recently commented on FRTAF shares. The Goldman Sachs Group lowered shares of freenet from a “hold” rating to a “strong sell” rating in a research note on Monday, December 9th. UBS Group downgraded shares of freenet from a “strong-buy” rating to a “hold” rating in a report on Friday, February 14th.

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.