SoftwareOne Holding AG (OTCMKTS:SWONF) Short Interest Up 31.2% in August

Key Points

• SoftwareOne Holding AG saw a 31.2% increase in short interest in August, reaching a total of 942,100 shares, with a days-to-cover ratio of 376.8 days based on an average daily volume of 2,500 shares.
• Citigroup maintains a "neutral" rating on SoftwareOne, and the stock currently holds a consensus rating of "Hold" from two analysts.
• SoftwareOne's stock opened at $9.00, with a yearly range of $5.83 to $17.95 and a 50-day moving average of $8.71.

SoftwareOne Holding AG (OTCMKTS:SWONF - Get Free Report) was the target of a large increase in short interest in August. As of August 15th, there was short interest totaling 942,100 shares, an increase of 31.2% from the July 31st total of 718,200 shares. Based on an average trading volume of 2,500 shares, the short-interest ratio is currently 376.8 days. Based on an average trading volume of 2,500 shares, the short-interest ratio is currently 376.8 days.

SoftwareOne Stock Performance

SWONF stock traded up $0.53 during mid-day trading on Friday, reaching $10.53. 1,000 shares of the stock traded hands, compared to its average volume of 11,773. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.05. SoftwareOne has a 52 week low of $5.83 and a 52 week high of $17.95. The business has a 50-day moving average of $8.73 and a two-hundred day moving average of $8.00.

Wall Street Analyst Weigh In

Separately, Citigroup reiterated a "neutral" rating on shares of SoftwareOne in a report on Tuesday, September 2nd. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of "Hold".

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.