SoftwareOne Holding AG (OTCMKTS:SWONF) Sees Significant Increase in Short Interest

SoftwareOne Holding AG (OTCMKTS:SWONF) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 1,183,770 shares, a growth of 19.3% from the January 29th total of 992,350 shares. Based on an average daily volume of 1,004 shares, the days-to-cover ratio is presently 1,179.1 days. Based on an average daily volume of 1,004 shares, the days-to-cover ratio is presently 1,179.1 days.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SWONF shares. Citigroup reiterated a “neutral” rating on shares of SoftwareOne in a research note on Friday, November 14th. Morgan Stanley downgraded shares of SoftwareOne to an “underweight” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, SoftwareOne currently has an average rating of “Reduce”.

SoftwareOne Stock Up 3.3%

SoftwareOne stock opened at $9.00 on Thursday. SoftwareOne has a 12-month low of $5.83 and a 12-month high of $11.34. The firm’s 50-day moving average is $10.04 and its two-hundred day moving average is $10.10.

SoftwareOne Company Profile

SoftwareOne (OTCMKTS:SWONF) is a global provider of end-to-end software and cloud portfolio solutions, helping organizations optimize their software licensing, cloud migrations and ongoing digital transformation initiatives. The company partners with leading software publishers, hyperscalers and managed service providers to deliver advisory, procurement and lifecycle management services under a unified engagement model. Its platform-agnostic approach enables clients to simplify complex licensing scenarios, reduce costs and improve governance across on-premises, cloud and hybrid environments.

Founded in 1985 in Stans, Switzerland, SoftwareOne has expanded through organic growth and strategic acquisitions to establish a presence in more than 90 countries worldwide.