United Internet AG (OTCMKTS:UDIRF) Short Interest Down 52.6% in May

United Internet AG (OTCMKTS:UDIRFGet Rating) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 30,000 shares, a drop of 52.6% from the April 30th total of 63,300 shares. Based on an average daily volume of 200 shares, the short-interest ratio is presently 150.0 days.

Shares of OTCMKTS UDIRF opened at $32.61 on Friday. The stock has a market cap of $6.11 billion, a P/E ratio of 15.83 and a beta of 0.62. United Internet has a 1 year low of $32.61 and a 1 year high of $32.61. The firm has a 50-day moving average of $36.91 and a 200 day moving average of $37.89.

Several equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of United Internet from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 10th. UBS Group lowered their price target on shares of United Internet from €36.00 ($38.30) to €33.00 ($35.11) in a research report on Friday, April 29th. Oddo Bhf assumed coverage on shares of United Internet in a research report on Thursday, February 17th. They set an “outperform” rating and a €44.00 ($46.81) price target for the company. Finally, Societe Generale lowered their price target on shares of United Internet from €45.00 ($47.87) to €40.00 ($42.55) in a research report on Wednesday, May 11th.

United Internet Company Profile (Get Rating)

United Internet AG, through its subsidiaries, operates as an Internet service provider. The company operates through Consumer Access, Business Access, Consumer Applications, and Business Applications segments. It offers landline-based broadband and mobile internet products, including home networks, online storage, telephony, and IPTV for private users; and telecommunication products ranging from fiber-optic direct connections to tailored ICT solutions, which include voice, data, and network solutions, as well as infrastructure services to national and international carriers and ISPs.

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