Short Interest in freenet AG (OTCMKTS:FRTAF) Decreases By 7.2%

freenet AG (OTCMKTS:FRTAF) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 77,000 shares, a decrease of 7.2% from the February 29th total of 83,000 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 770.0 days.

freenet Price Performance

FRTAF stock opened at $27.14 on Tuesday. The company’s 50-day simple moving average is $26.50 and its 200-day simple moving average is $25.89. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.52. freenet has a 52-week low of $27.14 and a 52-week high of $27.14.

About freenet

freenet AG provides telecommunications, radio and multimedia, mobile communications, mobile Internet, and digital lifestyle services 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 communications network operators; planning, construction, installation, and maintenance services for WiFi networks; and selling and distribution of mobile communications devices, as well as offers additional services for mobile data communications and digital lifestyle.