Gamma Communications plc (OTCMKTS:GAMCF) Sees Large Increase in Short Interest

Gamma Communications plc (OTCMKTS:GAMCF) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 59,012 shares, a growth of 1,237.8% from the January 15th total of 4,411 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Gamma Communications in a report on Thursday, January 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Gamma Communications presently has an average rating of “Buy”.

Gamma Communications Price Performance

Shares of OTCMKTS GAMCF opened at $9.59 on Thursday. Gamma Communications has a 1-year low of $9.59 and a 1-year high of $13.85. The business’s 50 day moving average is $9.59 and its two-hundred day moving average is $11.67.

Gamma Communications Company Profile

Gamma Communications is a United Kingdom–based provider of cloud-based communication and connectivity solutions for businesses. The company offers a comprehensive suite of services including hosted telephony, SIP trunking, unified communications, mobile voice and data plans, as well as managed network and internet solutions. By integrating voice and data services on a single platform, Gamma enables customers to enhance collaboration, reduce complexity and consolidate billing under one provider.

Founded in the late 1990s and headquartered in Coventry, Gamma has developed its network infrastructure to deliver high-availability services across the UK and Ireland.