SoftwareOne Holding AG (OTCMKTS:SWONF) Sees Significant Increase in Short Interest

Key Points

• Short Interest Increase: SoftwareOne Holding AG experienced a significant increase in short interest of 38.3%, rising from 942,100 shares to 1,302,500 shares by August 31st.
• Trading Performance: The company's stock traded up 2.0%, reaching $10.74, with an average trading volume of 4,308 shares.
• Analyst Ratings: Citigroup maintained a "neutral" rating for SoftwareOne, with a consensus rating of "Hold" from two research analysts.

SoftwareOne Holding AG (OTCMKTS:SWONF - Get Free Report) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 1,302,500 shares, a growth of 38.3% from the August 15th total of 942,100 shares. Based on an average trading volume of 31,300 shares, the short-interest ratio is presently 41.6 days. Currently, 0.8% of the company's stock are sold short. Currently, 0.8% of the company's stock are sold short. Based on an average trading volume of 31,300 shares, the short-interest ratio is presently 41.6 days.

Analysts Set New Price Targets

Separately, Citigroup reaffirmed a "neutral" rating on shares of SoftwareOne in a research note on Tuesday, September 2nd. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold".

SoftwareOne Price Performance

SWONF remained flat at $10.81 during trading on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.95 and a quick ratio of 0.95. SoftwareOne has a fifty-two week low of $5.83 and a fifty-two week high of $17.95. The company's 50 day simple moving average is $8.84 and its 200-day simple moving average is $8.11.

About SoftwareOne

SoftwareONE Holding AG provides software and cloud solutions in Switzerland, Europe, the Middle East, Africa, the United States, Canada, Latin America, and the Asia Pacific. The company develops and delivers the technology solutions that modernise applications and software in the cloud. It serves large enterprises, corporates, small and medium-sized enterprises, and public sector organizations.