Gamma Communications plc (OTCMKTS:GAMCF) Short Interest Update

Gamma Communications plc (OTCMKTS:GAMCFGet Rating) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 1,300 shares, an increase of 18.2% from the October 15th total of 1,100 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 13.0 days.

Gamma Communications Stock Performance

Shares of Gamma Communications stock opened at $12.59 on Wednesday. The company has a 50-day simple moving average of $12.59 and a 200 day simple moving average of $15.80. Gamma Communications has a 12-month low of $12.59 and a 12-month high of $13.85.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on GAMCF shares. Barclays dropped their price objective on shares of Gamma Communications from GBX 2,150 ($25.26) to GBX 2,000 ($23.50) in a research note on Friday, September 16th. Jefferies Financial Group upgraded shares of Gamma Communications from an “underperform” rating to a “hold” rating in a research report on Tuesday, September 13th.

About Gamma Communications

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Gamma Communications plc provides communications and software services for small, medium, and large sized business. It offers strategic services, such as collaboration, cloud PBX, SIP trunking, and inbound call control services; enabling services, including ethernet, broadband, network, and mobile; and traditional call and line services.

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