Samsung Electronics Co., Ltd. (OTCMKTS:SSNLF) Short Interest Up 246.0% in August

Key Points

• Short interest in Samsung Electronics increased by 246.0% in August, rising from 18,900 shares to 65,400 shares.
• Analysts have upgraded Samsung Electronics from a "neutral" to an "outperform" rating, contributing to a consensus rating of "Buy" among several analysts.
• The stock is currently trading at $42.33, with a market cap of $5.46 billion and a PE ratio of 15.79.

Samsung Electronics Co., Ltd. (OTCMKTS:SSNLF - Get Free Report) was the target of a large increase in short interest during the month of August. As of August 15th, there was short interest totaling 65,400 shares, anincreaseof246.0% from the July 31st total of 18,900 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Analysts Set New Price Targets

Separately, Macquarie raised Samsung Electronics from a "neutral" rating to an "outperform" rating in a research note on Monday, July 28th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Samsung Electronics presently has an average rating of "Buy".

Samsung Electronics Stock Performance

Shares of OTCMKTS SSNLF remained flat at $42.33 during trading hours on Friday. The company has a market cap of $5.46 billion, a P/E ratio of 15.79 and a beta of 0.88. The company has a 50-day moving average of $42.33 and a 200 day moving average of $40.96. Samsung Electronics has a one year low of $38.83 and a one year high of $42.33.

Samsung Electronics Company Profile

Samsung Electronics Co, Ltd. engages in the consumer electronics, information technology and mobile communications, and device solutions businesses worldwide. The company offers smartphones, tablets, watches, and accessories; TVs, projectors, and sound devices; home appliances, including refrigerators, washing machines and dryers, vacuum cleaners, cooking appliances, dishwashers, air conditioners, and air purifiers; monitors and memory storage products; displays, and smart and LED signages; and other accessories.