freenet AG (OTCMKTS:FRTAF) Sees Significant Decline in Short Interest

freenet AG (OTCMKTS:FRTAF) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 57,500 shares, a decline of 19.8% from the May 31st total of 71,700 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

freenet Price Performance

freenet stock remained flat at $27.14 during midday trading on Friday. freenet has a 12-month low of $27.14 and a 12-month high of $27.14. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 0.17. The company’s 50 day moving average price is $27.14 and its 200-day moving average price is $26.69.

freenet (OTCMKTS:FRTAF) last announced its earnings results on Wednesday, May 15th. The company reported $0.60 earnings per share for the quarter. The firm had revenue of $693.69 million for the quarter. freenet had a return on equity of 17.74% and a net margin of 7.67%.

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.