freenet AG (OTCMKTS:FRTAF) Sees Large Increase in Short Interest

freenet AG (OTCMKTS:FRTAF) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 29,900 shares, a growth of 7.2% from the August 31st total of 27,900 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 299.0 days.

freenet Stock Performance

Shares of FRTAF stock opened at $26.87 on Monday. The stock has a market cap of $3.44 billion, a PE ratio of 14.52 and a beta of 0.40. The stock has a 50-day moving average of $26.99 and a 200-day moving average of $27.09. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.67 and a quick ratio of 0.62. freenet has a one year low of $26.87 and a one year high of $26.87.

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

About freenet

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.