Cancom SE (OTCMKTS:CCCMF) Sees Significant Increase in Short Interest

Cancom SE (OTCMKTS:CCCMFGet Rating) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 95,100 shares, an increase of 21.9% from the June 30th total of 78,000 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Cancom Stock Performance

OTCMKTS:CCCMF opened at $66.12 on Thursday. The company has a 50-day moving average of $66.12 and a 200-day moving average of $66.12. Cancom has a twelve month low of $65.59 and a twelve month high of $66.12.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft cut their price objective on Cancom from €58.00 ($59.79) to €52.00 ($53.61) in a report on Tuesday, May 17th.

About Cancom

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CANCOM SE, together with its subsidiaries, offers information technology (IT) infrastructure and services in Germany and internationally. The company operates in two segments, Cloud Solutions and IT Solutions. The Cloud Solutions segment provides cloud and shared managed services, including project-related cloud hardware, software, and services.

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