Short Interest in Cellcom Israel, Ltd. (OTCMKTS:CELJF) Expands By 131.1%

Cellcom Israel, Ltd. (OTCMKTS:CELJF) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 10,338 shares, a growth of 131.1% from the July 30th total of 4,473 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 198 shares, the days-to-cover ratio is presently 52.2 days.

Cellcom Israel Stock Performance

CELJF stock opened at $11.60 on Friday. The company has a market capitalization of $1.90 billion, a P/E ratio of 27.62 and a beta of 0.89. Cellcom Israel has a 52-week low of $8.01 and a 52-week high of $14.12. The business has a 50-day simple moving average of $10.51 and a two-hundred day simple moving average of $10.99.

Hedge Funds Weigh In On Cellcom Israel

A hedge fund recently bought a new stake in Cellcom Israel stock. AWM Investment Company Inc. bought a new stake in shares of Cellcom Israel, Ltd. (OTCMKTS:CELJF) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 624,700 shares of the company’s stock, valued at approximately $5,529,000. AWM Investment Company Inc. owned approximately 0.38% of Cellcom Israel as of its most recent SEC filing.

Cellcom Israel Company Profile

Cellcom Israel Ltd. is a leading provider of wireless telecommunications services in Israel. Established in 1994 and headquartered in Netanya, the company operates one of the country’s most extensive cellular networks. Through its infrastructure, Cellcom delivers voice, messaging and data solutions to a broad customer base that includes individual consumers, small businesses and large enterprises.

The company’s core offerings encompass mobile voice plans, high-speed 4G and 5G data connectivity, international roaming and value-added content services.