Short Interest in freenet AG (OTCMKTS:FRTAF) Declines By 5.5%

freenet AG (OTCMKTS:FRTAF) saw a large drop in short interest in the month of August. As of August 15th, there was short interest totalling 30,700 shares, a drop of 5.5% from the July 31st total of 32,500 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

freenet Stock Performance

Shares of FRTAF opened at $26.87 on Wednesday. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.31. freenet has a 12-month low of $26.87 and a 12-month high of $26.87. The firm has a market capitalization of $3.44 billion, a PE ratio of 14.52 and a beta of 0.40. The stock’s fifty day simple moving average is $27.09 and its 200-day simple moving average is $27.05.

freenet (OTCMKTS:FRTAF) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.69 earnings per share (EPS) for the quarter. freenet had a return on equity of 18.16% and a net margin of 8.56%. The business had revenue of $651.55 million for the quarter.

freenet Company Profile

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.