Short Interest in freenet AG (OTCMKTS:FRTAF) Declines By 9.1%

freenet AG (OTCMKTS:FRTAF) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 27,900 shares, a decline of 9.1% from the August 15th total of 30,700 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 279.0 days.

freenet Stock Performance

FRTAF stock opened at $26.87 on Thursday. The firm has a 50-day simple moving average of $27.03 and a two-hundred day simple moving average of $27.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.62 and a current ratio of 0.67. freenet has a one year low of $26.87 and a one year high of $26.87. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 14.52 and a beta of 0.40.

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

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.