freenet AG (OTCMKTS:FRTAF) Short Interest Update

freenet AG (OTCMKTS:FRTAF) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 27,900 shares, a decline of 9.1% from the August 15th total of 30,700 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 279.0 days.

freenet Price Performance

Shares of OTCMKTS:FRTAF opened at $26.87 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.67 and a debt-to-equity ratio of 0.31. The firm has a market cap of $3.44 billion, a P/E ratio of 14.52 and a beta of 0.40. freenet has a 12 month low of $26.87 and a 12 month high of $26.87. The company’s 50-day moving average price is $27.04 and its two-hundred day moving average price is $27.10.

freenet (OTCMKTS:FRTAF) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.69 earnings per share for the quarter. freenet had a net margin of 8.56% and a return on equity of 18.16%. The business had revenue of $651.55 million during the quarter.

About freenet

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.