freenet AG (OTCMKTS:FRTAF) Short Interest Update

freenet AG (OTCMKTS:FRTAF - Get Free Report) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 43,300 shares, a growth of 13.1% from the November 30th total of 38,300 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

freenet Stock Performance

Shares of FRTAF remained flat at $26.87 during midday trading on Monday. The company has a 50-day simple moving average of $26.87 and a 200-day simple moving average of $26.96. The company has a market cap of $3.44 billion, a P/E ratio of 12.67 and a beta of 0.40. freenet has a 1-year low of $26.87 and a 1-year high of $26.87. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 0.29.

freenet (OTCMKTS:FRTAF - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.66 earnings per share for the quarter. The company had revenue of $679.75 million during the quarter. freenet had a net margin of 9.07% and a return on equity of 18.50%.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut freenet from a "hold" rating to a "strong sell" rating in a research report on Monday, December 9th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.