United Internet AG (OTCMKTS:UDIRF) Sees Significant Drop in Short Interest

Key Points

• United Internet AG experienced a significant decline in short interest, with a drop of 44.6% in August, from 37,700 shares to just 20,900 shares.
• The company's shares opened at $27.34, with a market capitalization of $5.25 billion and a P/E ratio of 36.94.
• United Internet AG operates as an internet service provider, offering a range of telecommunication products and services through its various business segments.

United Internet AG (OTCMKTS:UDIRF - Get Free Report) was the target of a significant decrease in short interest in August. As of August 15th, there was short interest totaling 20,900 shares, adecreaseof44.6% from the July 31st total of 37,700 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

United Internet Stock Performance

OTCMKTS:UDIRF remained flat at $27.34 during trading hours on Friday. The business's fifty day moving average is $27.34 and its 200 day moving average is $23.57. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.99 and a current ratio of 1.06. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 36.94 and a beta of 0.28. United Internet has a 1-year low of $15.55 and a 1-year high of $28.48.

About United Internet

United Internet AG, through its subsidiaries, operates as an Internet service provider worldwide. The company operates through Consumer Access, Business Access, Consumer Applications, and Business Applications segments. It offers landline-based broadband and mobile internet products, including home networks, online storage, telephony, and IPTV for private users; and telecommunication products ranging from fiber-optic direct connections to tailored ICT solutions, which include voice, data, and network solutions, as well as infrastructure services to national and international carriers and ISPs.