freenet AG (OTCMKTS:FRTAF) Sees Significant Growth in Short Interest

freenet AG (OTCMKTS:FRTAF) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 35,000 shares, a growth of 14.8% from the October 15th total of 30,500 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

freenet Price Performance

FRTAF stock remained flat at $26.87 during midday trading on Friday. The company has a current ratio of 0.67, a quick ratio of 0.62 and a debt-to-equity ratio of 0.31. The stock’s 50 day simple moving average is $26.87 and its 200-day simple moving average is $27.02. freenet has a twelve month low of $26.87 and a twelve month high of $26.87.

freenet (OTCMKTS:FRTAF) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.66 earnings per share (EPS) for the quarter. The firm had revenue of $679.75 million for the quarter. freenet had a return on equity of 18.78% and a net margin of 9.07%.

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.